ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm
New York, New York--(Newsfile Corp. - June 22, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. DraftKings is the subject of a report published by Hindenburg Research on June 15, 2021. The report alleges that the Company's 2020 merger with Bulgarian company SBTech exposed it to black-market gambling and money laundering. According to Hindenburg Research, the Company is "a $21 billion SPAC betting it can hide its black market operations." After the report was released, shares of DraftKings fell by more than 5% in intraday trading.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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