New York, New York--(Newsfile Corp. - July 27, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ: DKNG) alleging that the Company violated federal securities laws.
Class Period: December 23, 2019 and June 15, 2021
Lead Plaintiff Deadline: August 31, 2021
No obligation or cost to you.
Learn more about your recoverable losses in DKNG:
DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. NEWS - DKNG NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (i) SBTech Global Limited ("SBTech"), a company acquired by DraftKings, had a history of unlawful operations; (ii) accordingly, DraftKings' merger with SBTech exposed the Company to dealings in black-market gaming; (iii) the foregoing increased the Company's regulatory and criminal risks with respect to these transactions; (iv) as a result of all the foregoing, the Company's revenues were, in part, derived from unlawful conduct and thus unsustainable; (v) accordingly, the benefits of the Business Combination were overstated; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in DraftKings Inc. you have until August 31, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased DraftKings Inc. securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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