Los Angeles, CA - 
(NewMediaWire) - June 15, 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
info@schallfirm.com
