Allied Gaming settles shareholder rights agreement lawsuit; pays $85K in fees

Allied Gaming & Entertainment Inc.

Settlement of class action filed Sep 2024 by Timothy G. Schuebel over rights agreement.
Board amended rights agreement on May 30, 2025 to clarify fiduciary duties of directors.
Company pays $85,000 in attorneys' fees and reimbursement; denies all wrongdoing.
Delaware Court of Chancery closed the action on September 8, 2025.

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