Thursday after the bell, Federman & Sherwood announced that On June 1, 2007, a class action lawsuit was filed in the United States District Court for the District of Nevada against Shuffle Master Inc. The complaint alleged violations of federal securities laws, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from December 22, 2006 through March 12, 2007. SHFL closed Thursday's regular trading session at $17.51, down $2.10 or 10.71%. During the extended session, stock further tumbled $0.16 or 0.91% and was at $17.35.
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