Joint Statement Regarding Resolution of Litigation Between Aristocrat and Light & Wonder
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Aristocrat Leisure Limited and Light & Wonder have settled their litigation regarding the alleged use of Aristocrat's trade secrets in Light & Wonder's games. Light & Wonder will pay Aristocrat USD $127.5 million and cease commercialization of the contested games. Both companies emphasize the importance of protecting intellectual property in the gaming industry. Aristocrat's CEO highlighted the significance of intellectual property for their success, while Light & Wonder's CEO expressed commitment to respecting competitors' rights and improving internal processes to prevent future issues.
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