These include State Street Bank and Trust Company, Brown Brothers Harriman Trustee Services, The Reliance Trust Company and Northern Trust Company.
NEXT.io has reached out to Entain and Morgan, Lewis & Bockius for comment.
While details are scant about the nature of the action, the lawsuit would represent just the latest shareholder suit the business is facing in the UK courts.
Suit follows previous Turkey-related case
This follows on from Lee Damion Ferriday’s shareholder class action, first filed in August 2024, which alleged failures to disclose bribery and corruption in Entain’s Turkish business unit, resulting in a significant drop in share price.
These allegations, which Entain settled with the Crown Prosecution Service through a £615m Deferred Prosecution Agreement in December 2023, related to the historical conduct of the company’s predecessor GVC Holdings.Ferriday and others in the class, who also alleged Entain failed to have correct procedures in place to stop the offering of bribes that could benefit the business, are seeking £150m in damages.
The alleged wrongdoing at GVC’s Süperbahis brand took place from 2011 until it sold the business in 2017.
Ferriday law firm files second suit
The City law firm behind the Ferriday class action, Fox Williams LLP, today (14 May) filed another lawsuit against Entain in the Financial List on behalf of an individual called Kashmir Kaur.
The Financial List is a specialist cross-jurisdictional list, run by the government’s Courts & Tribunals Service, set up to address the particular business needs of legal cases involving financial matters.
It generally deals with cases worth more than £50m and which require expert judicial knowledge of financial markets.
It is unknown if or how the two new lawsuits against Entain relate to historical misconduct in the Turkish subsdiary.
