A Texas court has dismissed a suit against lottery courier and technology company Lottery.com levied by Yes Period LLC, a software as a service (SaaS) company doing business as Serenity Software.
Granted by the US District Court for the Western District of Texas, the ruling refers to a case filed by Yes Period, where it accused Lottery.com of allegedly breaching the terms of a software licensing agreement between both entities.
It is important to note that the sole reason for the case being dismissed because Yes Period did not submit required documents or information in line with a set deadline, and is not a case of the Texas court ruling in favour of Lottery.com against Yes Period.
Case background
The same case was again dismissed in November 2024, while the latest court decision represents the refusal of a motion by Yes Period for the reconsideration of the November ruling.
According to the District Judge, there was no justification in modifying the original dismissal as the Plaintiff, Yes Period, “failed to prosecute its claims in a timely and compliant manner”.
Last year’s lawsuit came only months after Lottery.com appointed Matthew McGahan as its new CEO in late 2023, with McGahan having to spearhead the legal battle as it ensued.
He reflected on the court victory by saying: “Lottery.com is, of course, delighted with this outcome. It is yet another case we have fought, won, and had dismissed.
“This marks the ninth such dismissal since our new management and turnaround team were appointed—a clear signal to our shareholders that our strategy is working.
“We remain laser-focused on delivering long-term value, building trust in the capital markets, and positioning the business for sustainable growth.”
Lottery.com further added that the result heaves reassurances for shareholders, as it proves the company’s ability to resolve legal overhangs. This is most evident in the court’s view of Yes Period’s ‘failure to reach timely compliance’, which alludes to Lottery.com’s robust use of legal protocols to effectively challenge claims made against it.
However, the tech firm remained wary of being subjected to potential risks and uncertainties in its forward-looking statement, particularly around internal accounting controls.