The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) SBTech 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.
Draftkings Inc. Securities Litigation
Jul 13, 2021 | DraftKings Inc. Class A Common Stock NASDAQ: DKNG | Case Status: Filed
Filing Deadline: August 31, 2021
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First Identified Complaint
Kent J. Rodriguez, et al. v. Draftkings Inc., et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint||July 2nd, 2021|
|2||U.S. District Court Civil Docket||July 7th, 2021|