Robbins Geller Rudman & Dowd Files Class Action Suit against WMS Industries

Robbins Geller Rudman & Dowd LLP today announced that a class action has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of WMS Industries Inc. WMS common stock during the period between November 1, 2010 and April 11, 2011. The complaint charges WMS and certain of its officers and directors with violations of the Securities Exchange Act of 1934. WMS designs, manufactures and distributes both video and mechanical slot machines and video lottery terminals. The complaint alleges that during the Class Period, the Company, in the face of a known industry-wide slowdown in demand and lengthening of the replacement cycle for gaming products, continued to report that it had and would continue to distinguish itself from its competitors by posting sales revenue and margin gains without the benefit or need for the recovery of overall demand or the casino gaming replacement cycle.