SAN DIEGO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces an update in the lawsuit that is pending for certain investors in NASDAQ: DKNG shares.
Investors, who purchased shares of DraftKings Inc. (NASDAQ: DKNG) prior to December 23, 2019 and continue to hold any of their NASDAQ: DKNG shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On July 2, 201,a lawsuit was filed against DraftKings Inc. over alleged securities laws violations. The plaintiff alleged that 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 November 12, 2021, the court appointed a lead plaintiff.
Those who purchased DraftKings Inc. (NASDAQ: DKNG) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
