Fox Williams, led by securities litigation partners Andrew Hill and Matthew Reach, is preparing to file a group claim against Entain plc (“Entain”) on behalf of institutional investors by autumn 2024.

If you are an institutional investor that would like to join the group claim or you require further information regarding the group claim, please contact Andrew or Matthew.

Case Summary

Entain is an international betting and sports gaming company listed on the London Stock Exchange. On 31 May 2023, Entain announced that it was negotiating a Deferred Prosecution Agreement (“DPA”) with the UK’s Crown Prosecution Service (“CPS”) in connection with bribery offences following an investigation into its Turkish operations by His Majesty’s Revenue and Customs (“HMRC”). Subsequently, Entain shares suffered a fall in value.

On 5 December 2024, the High Court (sitting as the Crown Court at Southwark) publicly approved the DPA, which was published alongside a summary Judgment later that day. Pursuant to the DPA, Entain agreed to pay a financial penalty plus disgorgement of profits totalling £585 million, to make a charitable donation of £20 million and to pay a contribution of £10 million to the costs of HMRC and the CPS.

Fox Williams’ claim arises from Entain’s failure to report honestly (or at all) to investors regarding its knowledge of (among other wrongdoing) bribery and corruption in Turkey involving Headlong Limited (an Entain subsidiary during the period 2011 to December 2017) and in breach of section 7 of the UK Bribery Act 2010.

The claim represents an opportunity for investors in Entain to recover compensation. We urge any eligible investors to participate on this basis.

Case Details

  • Defendant: Entain Plc
  • Claim period: 1 July 2011 to 31 December 2023
  • Case filing date: Autumn 2024
  • Jurisdiction: England
  • Subject: Bribery and corruption / non-disclosure
  • Law: Sections 90 and 90A Financial Services & Markets Act 2000 (England & Wales)

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