Philadelphia, Pennsylvania--(Newsfile Corp. - August 20, 2021) - Berger Montague is investigating securities fraud claims against DraftKings Inc. ("DraftKings" or the "Company"). The Firm is investigating these allegations on behalf of investors who purchased DraftKings securities (NASDAQ: DKNG) between December 23, 2019 and June 15, 2021 (the "Class Period").
If you purchased DraftKings securities during the Class Period and would like to learn more about Berger Montague's investigation, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Michael Dell'Angelo at mdellangelo@bm.net or (215) 875-3080, or visit www.bergermontague.com/draftkings.
DraftKings is a Boston-based operator of digital sports entertainment and gaming. The Company went public in April 2020 through a business combination with a special purpose acquisition company (SPAC).
On June 15, 2021, Hindenburg Research published a report alleging the online betting company DraftKing's 2020 merger with SBTech Global has exposed the Company to black-market gaming and money laundering. Hindenburg Research called DraftKings "a $21 billion SPAC betting it can hide its black market operations." Following the release of the Hindenburg report, DraftKings shares fell $2.11 per share to close at $48.51.
Whistleblowers: Anyone with non-public information regarding DraftKings is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contacts
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
Michael Dell'Angelo, Managing Shareholder
Berger Montague
(215) 875-3080
mdellangelo@bm.net
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93909.
