Allied gaming & entertainment responds to lawsuit from dissident stockholder

New york--(business wire)--allied gaming & entertainment, inc. (nasdaq: agae) (the “company” or “agae”), a global experiential entertainment company, was alerted earlier this week of a derivative lawsuit filed by knighted pastures, llc (“knighted”), against the company's directors and certain third parties alleging breach of fiduciary duty in connection with approving the recent strategic investment with yellow river. agae's directors believe the lawsuit is without merit and plan to vigorou.
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