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Federal Court Order Clears Path for Allied’s Amended Claims to Proceed

Allied Gaming & Entertainment Inc. (AGAE) 
Company Research Source: Business Wire
--Allied Gaming & Entertainment Inc. Provides Shareholder Update on Federal Court Order in Ongoing Litigation NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) (the “Company” or “Allied”) today provided an update to shareholders regarding a January 5, 2026 order issued by the United States District Court for the Central District of California in the Company’s litigation against Knighted Pastures, LLC and related parties.In its order, the Court granted Allied’s unopposed motion for leave to amend its complaint, permitting the Company to proceed with its amended pleadings, and denied as moot all pending motions to dismiss previously filed by the defendants.The Court also granted Allied’s unopposed motion to modify the previously issued preliminary injunction. Specifically, the Court vacated those provisions of the injunction that had temporarily restricted the holding of a board election and required compliance with certain external orders, noting that the Show less Read more
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