Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 84

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 Judgment”). On October 27, 2022, the Chancery Court further awarded the Company $397,037 in attorney’s fees
(the “Fee Order”). On November 15, 2022, the Company initiated efforts against Streicher to seek collections on the Judgment.
On December 8, 2022, the Company’s prior attorney Skadden, Arps, Slate, Meagher & Flom, LLP (“Skadden”) filed its
Combined Motion to Withdraw as Counsel and For a Charging Lien in amount of $3,024,201 for legal fees unpaid by Company (“Skadden’s
Motion”). On December 30, 2022, the Company filed its response to Skadden’s Motion, alleging that the Chancery Court should
deny Skadden’s Motion for a Charging Lien as a matter of law or, in the alternative, limit the charging lien to the amount
of the attorneys’ fees awarded by the Fee Order. As of the date of this Report, the Chancery Court has not set Skadden’s
Motion for an oral hearing, nor has it entered an order on the motion. On January 20, 2023, faced with post-judgment discovery and depositions,
Streicher remitted a partial payment towards the Judgment in the amount of $75,000. On February 13, 2023, Streicher made another payment
towards the Judgment in the amount of $50,000 and had agreed to make another payment in the amount of $75,000 on February 28, 2023, which
it failed to make. The Company intends to fully collect on the Judgment and shall pursue all legal and equitable means to enforce the
Judgment against Streicher until the Judgment is fully satisfied. 

Preston
Million Class Action

On
August 19, 2022, Preston Million filed a Class Action Complaint (the “Class Action Complaint”) against the Company
and certain former officers and directors of the Company in the United States District Court for Southern District of New York (the “SDNY”),
styled Preston Million, Individually and on Behalf of All Others Similarly Situated vs. Lottery.com, Inc. f/k/a Trident Acquisitions
Corp., Anthony DiMatteo, Matthew Clemenson and Ryan Dickinson (Case No. 1:22-cv-07111-JLR). The Class Action Complaint alleged violations
by all defendants of Sections 10(b) and 20(a) of