New York, New York–(Newsfile Corp. – August 19, 2021) – The Klein Law Agency announces that a course action complaint has been submitted on behalf of shareholders of DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ: DKNG) alleging that the Organization violated federal securities legislation.
Class Interval: December 23, 2019 and June 15, 2021
Direct Plaintiff Deadline: August 31, 2021
No obligation or expense to you.
Learn more about your recoverable losses in DKNG:
DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. Information – DKNG News
Class Motion Scenario Particulars: The submitted grievance alleges that DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. built materially fake and/or deceptive statements and/or unsuccessful to disclose that: (i) SBTech Global Minimal (“SBTech”), a company acquired by DraftKings, had a history of illegal operations (ii) accordingly, DraftKings’ merger with SBTech exposed the Enterprise to dealings in black-market place gaming (iii) the foregoing improved the Company’s regulatory and felony risks with regard to these transactions (iv) as a outcome of all the foregoing, the Company’s revenues have been, in section, derived from illegal perform and so unsustainable (v) accordingly, the rewards of the Enterprise Combination ended up overstated and (vi) as a outcome, the Company’s community statements have been materially phony and misleading at all appropriate times.
WHAT THIS Indicates TO YOU AS A SHAREHOLDER: If you have experienced a decline in DraftKings Inc. you have until finally August 31, 2021 to petition the court docket for guide plaintiff status. Your potential to share in any restoration would not involve that you provide as a direct plaintiff.
NO Price tag TO YOU: If you acquired DraftKings Inc. securities in the course of the pertinent period, you may possibly be entitled to compensation with no payment of any out-of-pocket charges.
ABOUT KLEIN Regulation Firm
J. Klein, Esq. signifies buyers and participates in securities litigations involving monetary fraud through the nation. The Klein Regulation Company is a boutique litigation firm with expertise in a huge range of regions which include securities law, corporate finance and professional litigation. Considering that 2011, our expert attorneys have reached exceptional results for our clients with a individualized focus. Attorney marketing. Prior benefits do not ensure related outcomes.
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