litigation
confidence high
sentiment neutral
materiality 0.60
Allied Gaming sues Knighted Pastures, Roy Choi for undisclosed group ownership of 37.8% ahead of Aug 4 vote
Allied Gaming & Entertainment Inc.
- Complaint alleges Knighted, Roy Choi, his mother Naomi Choi, and associate Yiu-Ting So acted as undisclosed group under Section 13(d).
- Group collectively owns 14,394,626 shares (37.8%) but Knighted's Schedule 13D only reports 11,986,423 shares (31.5%).
- Naomi Choi bought 1,441,466 shares (3.8%) starting Jan 2024; Yiu-Ting So holds 971,737 shares, acquired alongside Knighted's litigation.
- Lawsuit seeks corrected Schedule 13D, voting restrictions, and invalidation of Knighted's director nominations for the Aug 4, 2025 annual meeting.
- Knighted previously filed two Delaware lawsuits against Allied's board, now stayed.
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