What changed in this filing

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Item 3. Legal Proceedings

2024-04-03 compared with 2023-06-15 · 79 added, 41 removed, 51 unchanged (70% of the section changed)

3 unchanged sentences

The outcome of litigation is inherently

If one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s

expectations, the Company’s financial condition and operating results for that reporting period could be materially adversely affected.

July 29, 2022, the Company filed its original Verified Complaint for Breach of Contract and Specific Performance (the “Streicher

Complaint”) against J.

Streicher Financial, LLC (“Streicher”) in the Court of Chancery of the State of Delaware (the

“Chancery Court”), styled AutoLotto, Inc.

If one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s

expectations, the Company’s financial condition and operating results for that reporting period could be materially adversely affected.

July 29, 2022, the Company filed its original Verified Complaint for Breach of Contract and Specific Performance (the “Streicher

Complaint”) against J.

Streicher Financial, LLC (“Streicher”) in the Court of Chancery of the State of Delaware (the

“Chancery Court”), styled AutoLotto, Inc.

dba Lottery.com v.

2 unchanged sentences

In the Streicher Complaint, the Company alleged that Streicher breached the contract entered into by the parties on March 9, 2022 and

demanded that Streicher return $16,500,000.00 it owed to the Company.

demanded that Streicher return $16,500,000.00 it owes to the Company.

On September 26, 2022, the Chancery Court entered an order in favor

of the Company, Granting with Modifications Company’s Motion for Partial Summary Judgment in the amount of $16,500,000.00

(the “Streicher Judgment”).

On October 27, 2022, the Chancery Court further awarded the Company $397,036.94 in attorney’s

fees (the “Fee Order”).

of the Company, Granting with Modifications Company’s Motion for Partial Summary Judgment in the amount of $16,500,000.00

(the “Streicher Judgment”).

On October 27, 2022, the Chancery Court further awarded the Company $397,036.94 in attorney’s

fees (the “Fee Order”).

On November 15, 2022, the Company initiated efforts against Streicher to seek collections on the

On December 8, 2022, the Company’s prior attorney Skadden, Arps, Slate, Meagher & Flom, LLP (“Skadden”)

filed its Combined Motion to Withdraw as Counsel and For a Charging Lien in amount of $3,024,201.17 for legal fees unpaid by Company

(“Skadden’s Motion”).

On December 30, 2022, the Company filed its response to Skadden’s Motion, alleging that

the Chancery Court should deny Skadden’s Motion for a Charging Lien as a matter of law or, in the alternative, limit the

charging lien to the amount of the attorneys’ fees awarded by the Fee Order.

(“Skadden’s Motion”).

On December 30, 2022, the Company filed its response to Skadden’s Motion, alleging that

the Chancery Court should deny Skadden’s Motion for a Charging Lien as a matter of law or, in the alternative, limit the

charging lien to the amount of the attorneys’

fees awarded by the Fee Order.

As of the date of this Report, the Chancery Court

has not set Skadden’s Motion for an oral hearing, nor has it entered an order on the motion.

On January 20, 2023, faced with post-judgment

5 unchanged sentences

legal and equitable means to enforce the Judgment against Streicher until the Judgment is fully satisfied.

See “ Item 1A.

Factors - Legal Proceedings Risks - We may not recover amounts owed to us from J.

Streicher Financial, LLC ” for further information.

Streicher Financial, LLC ”

for further information.

Million Class Action

August 19, 2022, Preston Million filed the Class Action Complaint (the “Class Action Complaint”) against the Company

and certain former officers and directors of the Company in the United States District Court for Southern District of New York (the “SDNY”),

August 19, 2022, Preston Million filed a Class Action Complaint (the “Class Action Complaint”) against the Company

and certain former officers and directors of the Company in the United States District Court for Southern District of New York (the “SDNY”),

styled Preston Million, Individually and on Behalf of All Others Similarly Situated vs.

4 unchanged sentences

The Class Action Complaint alleged violations

by all defendants of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) 15 U.S.C.

78j(b), 78t(a), as amended by the Private Securities Litigation Reform Act of 1995 (“PSLRA”), U.S.C.

by all defendants of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) 15 U.S.C.

78j(b), 78t(a), as amended by the Private Securities Litigation Reform Act of 1995 (“PSLRA”), U.S.C.

78u-4 et seq .

(collectively “Federal Securities Laws”).

On November 18, 2022, the SNDY ordered the appointment of RTD Bros, LLC, Todd Benn,

Tom Benn and Tomasz Rzedian (collectively “Lottery Investor Group”) as lead plaintiff and Glancy Prongay & Murray, LLP

as lead counsel for plaintiffs and for the class in the case.

On December 5, 2022, the Court stipulated a Scheduling Order in

On January 12, 2023, the Company’s legal counsel timely filed its Notice of Appearance .

On January 31, 2022, plaintiffs

6 unchanged sentences

to dismiss the Amended Complaint on April 3, 2023, under the newly consolidated caption and its proposed order to dismiss the matter.

Plaintiffs are expected to file their opposition to the motion to dismiss no later than May 18, 2023, which would trigger the Company’s

deadline to file its reply brief in support of their motion to dismiss no later than June 20, 2023.

March 13, 2023, John Brier, Bin Tu and JBBT, LLC (collectively, the “TinBu Plaintiffs”) filed its original complaint against

On February 6, 2024, the SDNY granted the Company’s Motion to Dismiss.

The Class Action Plaintiffs amended their complaint within

the twenty-one day period provided by the judge.

March 13, 2023, John Brier, Bin Tu and JBBT, LLC (collectively, the “TinBu Plaintiffs”) filed its original complaint against

Lottery.com, Inc.

f/k/a AutoLotto, Inc.

and its wholly-owned subsidiary TinBu, LLC (“TinBu”) in the Circuit Court of the

13 th Judicial District in and for Hillsborough County, Florida (the “TinBu Complaint”).

and its wholly-owned subsidiary TinBu, LLC (“TinBu”) in the Circuit Court of the

13 th Judicial District in and for Hillsborough County, Florida (the “TinBu Complaint”).

The Complaint alleges

breach of contract(s) and misrepresentation with alleged damages in excess of $4.6 million.

The parties agreed to extend the Company’s

and its subsidiary’s deadline to respond until May 1, 2023.

The parties agreed to extend the Company’s

and its subsidiary’s deadline to respond until May 1, 2023.

On May 2, 2023, the Company and its subsidiary retained local counsel

who filed a Notice of Appearance on behalf of the Company and TinBu and filed a Motion for Enlargement requesting the Court to extend

its deadline to file its initial response to the Complaint by an additional 30 days (the “Motion for Enlargement”).

the date of this Report, the Motion for Enlargement has not been set for a hearing.

On May 5, 2023, Plaintiffs filed their Motion for

Court Default (“Plaintiffs’ Motion for Default”), despite Company’s Motion for Enlargement.

Court Default (“Plaintiffs’

Motion for Default”), despite Company’s Motion for Enlargement.

As of the date of

this Report, the Plaintiffs’ Motion for Default has not been set for a hearing.

The Company intends to oppose Plaintiffs’

this Report, the Plaintiffs’

Motion for Default has not been set for a hearing.

The Company intends to oppose Plaintiffs’

Motion for Default.

On May 9, 2023, Plaintiffs served Plaintiffs’ First Request for Admissions (the “RFA”) to the Company.

The parties have agreed to an extension of time to respond to the RFA.

The Company intends to respond in a timely manner or make necessary

objections to the RFA.

On June 5, 2023, the Company and TinBu filed its original Answer and Affirmative Defenses to the TinBu Complaint.

On May 9, 2023, Plaintiffs served Plaintiffs’

First Request for Admissions (the “RFA”) to the Company.

On October 13, 2023, the Court granted the Defendants’

Motion to Stay Litigation and Discovery pending a ruling on its Motion to

Compel Arbitration.

On November 16, 2023, the Court granted Defendants’

Motion to Compel Arbitration in Texas.

The parties await

a signed written order from the Court to that effect.

November 21, 2023, the Company and its wholly owned subsidiary and TinBu, LLC (“TinBu”) (Company and TinBu collectively,

“Plaintiffs”) filed their First Amended Verified Complaint in Federal Court for the Middle District of Florida

(“MDF”) against John J.

(“Brier”), Bin Tu (“Tu”), and Global Gaming Data, LLC (“GGD”)

(collectively, “Defendants”) for violations of the Federal Defend Trade Secrets Act (“DTSA”), the Florida Uniform

Trade Secrets Act (“FUTSA”) and the Florida Deceptive and Unfair Trade Practices Act (“FDUTPA”), and for breaches

of contract and fiduciary duties, including the duty of loyalty, styled Lottery.com, Inc.

f/k/a AutoLotto, Inc.

and TinBu, LLC v.

Brier, Jr., Bin Tu, and Global Gaming Data, LLC (Case No.:

8:23-cv-2594-KKM-TGW) Defendants filed certain counterclaims against

The Company’s request for a Temporary Restraining Order was denied by the MDF in February 2024.

Eurasia filed a complaint in the High Court of Justice in London chancery Division.

October 16, 2023, The High Court of Justice in London

Chancery Division (“the Court”) dismissed an application for injunctive relief initiated by Woodford against the Company.

FL-2023-000023.

Woodford Eurasia Assets Limited v Lottery.com Inc.) The Court characterized Woodford’s application as “fundamentally

misconceived”

and ordered Woodford to pay the Company’s legal costs.

Woodford subsequently, on the Judges’

recommendation,

withdrew the proceedings.

filed an additional action in the United States District Court for the District of Delaware on February 14, 2024 in Case No.

Woodford subsequently filed a Notice of Voluntary Dismissal Without Prejudice was filed by Woodford in the, which stated that Woodford

provides notice of dismissal of all claims without prejudice against Defendants Lotttery.com and its directors.

the dismissal of this lawsuit by Woodford, no further action is required by Lottery.com or its directors at this time.

The Company is

determining its next course of action in resolving any further matters regarding Woodford.

Mine Safety Disclosures .

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings