Draftkings Inc. Securities Litigation

Filing Deadline: August 31, 2021

If you purchased a significant amount of shares of DraftKings Inc. Class A Common Stock (NASDAQ: DKNG), you have certain options. Investors should contact us before August 31, 2021.

 

Lawsuit Overview

Defendant:DraftKings Inc. Class A Common Stock
Date Filed:July 2nd, 2021
Sector:Consumer Services
Industry:Services-Misc. Amusement & Recreation
Class Start Date:December 23rd, 2019
Class End Date:June 15th, 2021

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.

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First Identified Complaint

Kent J. Rodriguez, et al. v. Draftkings Inc., et al.

Date Filed:July 2nd, 2021
Class Period Start:December 23rd, 2019
Class Period End:June 15th, 2021
First Identified Complaint Filings
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