NEW YORK, May 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ: DKNG). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether DraftKings and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 21, 2021, DraftKings announced its plan to launch DK Marketplace, a platform offering curated non-fungible token ("NFT") drops for U.S. dollar purchase and support for a secondary market transaction. The purpose of the DK Marketplace is to provide a platform to sell DraftKings NFTs. On August 11, 2021, DraftKings released its first NFTs, featuring the football player Tom Brady, which sold from $12 to $15,000 per NFT. A class action complaint has been filed against DraftKings and certain of its officers, alleging that DraftKings NFTs constitute unregistered securities, and that in DK Marketplace, DraftKings is operating an unregistered securities exchange.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
