Angeion Group says a proposed settlement has been reached in class-action lawsuits against Big Fish Games, Inc., Churchill Downs Incorporated, Aristocrat Technologies, Inc., and Aristocrat Leisure Ltd.
Angeion is a Philadelphia-based provider of settlement management services for class action and other types of litigation. It said the lawsuits allege claims based on the sale of virtual chips in three social casino-style games: Big Fish Casino, Jackpot Magic Slots and Epic Diamond Slots.
The defendants deny all claims that they violated any law, but have agreed to the settlement to avoid the “uncertainties and expenses” associated with continuing the case, the companies said in a statement.
According to Angeion, individuals who played Big Fish Casino, Jackpot Magic Slots or Epic Diamond Slots prior to 31 August of this year may be part of a class-action settlement.
If the settlement is approved by the court, defendants will establish a settlement fund of $155m to pay all valid claims submitted by the settlement class; together with notice and administration expenses, as well as any attorney's fees and costs, and incentive awards to the class representatives, awarded by the court.
Settlement shares will depend on the total dollar amount of in-game purchases someone made while playing Big Fish Casino, Jackpot Magic Slots, and Epic Diamond Slots; those who spent more will receive a higher percentage back, Angeion said.
