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DraftKings Inc. (NASDAQ: DKNG) Investor Alert: Update in Lawsuit

01-26-2022 04:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit is pending on behalf of certain investors in DraftKings Inc. (NASDAQ: DKNG) shares.

A lawsuit is pending on behalf of certain investors in DraftKings Inc. (NASDAQ: DKNG) shares.

The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in shares of DraftKings Inc. (NASDAQ: DKNG).

If you purchased shares of DraftKings Inc. (NASDAQ: DKNG) prior to December 2019 and continue to hold any of those shares, you have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 2, 2021, a lawsuit was filed against DraftKings Inc over alleged securities laws violations.
The plaintiff claimed 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.

On January 11, 2022, an amended complaint was filed.

Those who purchased shares of DraftKings Inc. (NASDAQ: DKNG) have certain options and should contact the Shareholders Foundation. Contact: Shareholders Foundation, Inc.

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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