Press release
Investigation announced for Investors in shares of DraftKings Inc. (NASDAQ: DKNG) over potential Wrongdoing
An investigation on behalf of investors in DraftKings Inc. (NASDAQ: DKNG) shares over potential wrongdoing at DraftKings Inc.
Investors who purchased shares of DraftKings Inc. (NASDAQ: DKNG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: DKNG stocks follows a lawsuit filed against DraftKings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DKNG stocks, concerns whether certain DraftKings Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 23, 2019 and June 15, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that SBTech had a history of unlawful operations, that accordingly, DraftKings’ merger with SBTech exposed the Company to dealings in black-market gaming, that the foregoing increased the Company’s regulatory and criminal risks with respect to these transactions, that as a result of all the foregoing, the Company’s revenues were, in part, derived from unlawful conduct and thus unsustainable, that accordingly, the benefits of the Business Combination were overstated, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Those who purchased shares of DraftKings Inc. (NASDAQ: DKNG) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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