Deadline on August 31, 2021, coming up in Lawsuit for Investors in DraftKings Inc. (NASDAQ: DKNG) – Press Release


A Deadline is coming up on August 31, 2021 in the lawsuit for certain investors in DraftKings Inc. (NASDAQ: DKNG).

A Deadline is coming up on August 31, 2021 in the lawsuit for certain investors in DraftKings Inc. (NASDAQ: DKNG).

A deadline is coming up on August 31, 2021 in the lawsuit filed for certain investors of DraftKings Inc. (NASDAQ: DKNG) over alleged securities laws violations by DraftKings Inc

Investors who purchased shares of DraftKings Inc. (NASDAQ: DKNG) have certain options and there are strict and short deadlines running. Deadline: August 31, 2021. NASDAQ: DKNG stockholders should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of DraftKings Inc. (NASDAQ: DKNG) common shares between December 23, 2019 and June 15, 2021, 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: [email protected]

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.

This release was published on openPR.