Lottery.com says federal court dismisses all claims against company

Lottery.com (LTRY) announced The United States District Court for the Southern District of Florida has ruled in favor of the Company and Matthew McGahan, granting with prejudice the Motion to Dismiss for Failure to State a Claim in the case styled Sharon A. McTurk, et al. v. Lottery.com, Inc. and Matthew McGahan. The lawsuit, filed by Sharon McTurk and her affiliated entities, alleged four causes of action against the Defendants: Fraudulent Misrepresentation; Negligent Misrepresentation; Aiding and Abetting; and Conspiracy. Plaintiffs claimed that McTurk was promised shares of the Company’s common stock at below market price in exchange for financial backing, however, after a comprehensive review, the Court found that the allegations failed to meet the most basic legal standards and could not proceed.The court ordered and adjudged that: The Defendants’ Motion to Dismiss is granted; The Plaintiffs’ Complaint is dismissed with prejudice; All pending deadlines and hearings are terminated; All other pending motions are denied as moot; and The Clerk of the Court has been directed to close the case. This ruling signifies the final dismissal of all claims against the Defendants. As the case was dismissed with prejudice, the Plaintiffs are barred from refiling the same claims in this form. The Court’s ruling underscored the lack of credible evidence presented by the Plaintiffs. The Court determined that the allegations did not meet the required legal threshold, thereby rejecting all claims brought against Lottery.com and Matthew McGahan. The Company and Mr. McGahan have consistently denied the allegations. This dismissal allows both parties to move forward without any further legal considerations related to this matter.