-+ 0.00%
-+ 0.00%
-+ 0.00%

The U.S. District Court For The Southern District Of Florida Has Ruled In Favor Of The Company And Matthew McGahan, Granting With Prejudice The Motion To Dismiss For Failure To State A Claim

Benzinga·02/27/2025 16:45:48
Listen to the news

Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, is pleased to announce The United States District Court for the Southern District of Florida has ruled in favor of the Company and Matthew McGahan ("Defendants"), granting with prejudice the Motion to Dismiss for Failure to State a Claim in the case styled Sharon A. McTurk, et al. v. Lottery.com, Inc. and Matthew McGahan (Case No. 24-60993-CIV-DAMIAN).

The lawsuit, filed by Sharon A. McTurk and her affiliated entities (Rutherford Enterprises, LLC, SJB Solutions, LLC and Astra Supply Chain, LLC, collectively "Plaintiffs"), alleged four causes of action against the Defendants:

  • Fraudulent Misrepresentation (Count I);
  • Negligent Misrepresentation (Count II);
  • Aiding and Abetting (Count III); and
  • Conspiracy (Count IV).

Plaintiffs claimed that McTurk was promised shares of the Company's common stock at below market price in exchange for financial backing, however, after a comprehensive review, the Court found that the allegations failed to meet the most basic legal standards and could not proceed.