Allied Gaming & Entertainment Inc., a global experiential entertainment company, has filed a lawsuit against Knighted Pastures, LLC and its Managing Partner, Roy Choi, along with Naomi Choi and Yiu-Ting So. The lawsuit, filed in the United States District Court for the Central District of California, alleges violations of federal securities laws by the defendants. Allied Gaming & Entertainment claims that Knighted Pastures and Roy Choi have engaged in a scheme to accumulate large quantities of the company's stock without proper disclosure, aiming to secure control over the Board of Directors. The company seeks to enjoin the defendants from misleading stockholders and acting as an undisclosed group. The litigation is part of Allied Gaming & Entertainment's efforts to protect stockholder interests and hold the defendants accountable for alleged securities law violations.
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