A lawsuit is pending on behalf of certain investors in DraftKings Inc. (NASDAQ:DKNG) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 05/05/2022 --The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in shares of DraftKings Inc. (NASDAQ: DKNG).

If you purchased shares of DraftKings Inc. (NASDAQ: DKNG) prior to December 2019 and continue to hold any of those shares, you have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 2, 2021, a lawsuit was filed against DraftKings Inc over alleged securities laws violations.

The plaintiff claimed that between December 23, 2019 and June 15, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that SBTech had a history of unlawful operations, that accordingly, DraftKings' merger with SBTech exposed the Company to dealings in black-market gaming, that the foregoing increased the Company's regulatory and criminal risks with respect to these transactions, that as a result of all the foregoing, the Company's revenues were, in part, derived from unlawful conduct and thus unsustainable, that accordingly, the benefits of the Business Combination were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

On January 11, 2022, an amended complaint was filed and on April 5, 2022, a second amended complaint was filed.

Those who purchased shares of DraftKings Inc. (NASDAQ: DKNG) have certain options and should contact the Shareholders Foundation. Contact: Shareholders Foundation, Inc.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.