Light & Wonder Pays $127.5 Million to Settle Aristocrat IP Lawsuit

Reuters
Jan 12
Light & Wonder Pays $127.5 Million to Settle Aristocrat IP Lawsuit

Light & Wonder Inc. and Aristocrat Leisure Limited have settled litigation in Australia and the United States regarding claims that Light & Wonder's Dragon Train and Jewel of the Dragon games were developed using Aristocrat's trade secrets and copyright works. As part of the agreement, Light & Wonder will compensate Aristocrat $127.5 million for misappropriation and infringement of intellectual property. Light & Wonder has acknowledged that certain Aristocrat math information was used in the development of the disputed games and has agreed to permanently cease commercialization of these titles worldwide, remove existing installations, and destroy all related materials. The companies have also established confidential procedures to address any further issues concerning the use of Aristocrat's math in other Light & Wonder games. Aristocrat’s claims in both countries will be dismissed as a result of the settlement.

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