Pomerantz Law Firm Investigates Flutter Entertainment Over Alleged Securities Fraud
The law firm Pomerantz LLP is investigating potential securities fraud or other unlawful business practices by Flutter Entertainment plc (NYSE: FLUT) and certain of its officers. The investigation follows a September 28, 2026 announcement that Flutter has ceased operations in Brazil's sports betting and iGaming sectors to comply with new executive measures banning online gaming nationwide. Flutter warned investors that the closure could reduce 2026 revenue by approximately $70 million and adjusted EBITDA by about $20 million if it remains closed for the rest of the year. The news caused Flutter's stock price to drop sharply, falling $6.60 per share (or 7.93%) on September 28. Pomerantz LLP is one of the leading firms in corporate and securities litigation and has a long history of pursuing class actions for investors affected by financial misconduct.
Tickers: $FLUT
Topics: Brazil iGaming shutdown class action lawsuit Flutter Entertainment stock price drop