Allied Gaming wins preliminary injunction in proxy fight; court says likely to succeed on Section 13(d) claim

Allied Gaming & Entertainment Inc.

Court granted preliminary relief on Aug 1, 2025, enjoining director vote at Aug 4 annual meeting.
On Aug 12, court issued full order stating Allied is reasonably likely to succeed on merits of Section 13(d) group claim.
Lawsuit alleges Knighted Pastures and Roy Choi engaged in undisclosed stock accumulation scheme to seize board control.
Allied's Board continues to fight for stockholder rights pending final resolution.

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