Los Angeles - 
(NewMediaWire) - June 16, 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.
If you are a shareholder who
suffered a loss, click here to
participate.
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 brian@schallfirm.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.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.
310-301-3335
