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Press release content from Business Wire. The AP news staff was not involved in its creation.

ROSEN, A LEADING LAW FIRM, Encourages DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. Investors with Losses Over $100K to Secure Counsel Before Important August 31 Deadline in Securities Class Action – DKNG

July 16, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Jul 16, 2021--

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ: DKNG) between December 23, 2019 and June 15, 2021, inclusive (the “Class Period”), of the important August 31, 2021 lead plaintiff deadline.

SO WHAT: If you purchased DraftKings securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DraftKings class action, go to http://www.rosenlegal.com/cases-register-2109.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 31, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) SBTech (Global) Limited (“SBTech”) had a history of unlawful operations; (2) accordingly, DraftKings’ merger with SBTech exposed the Company to dealings in black-market gaming; (3) the foregoing increased the Company’s regulatory and criminal risks with respect to these transactions; (4) as a result of all the foregoing, DraftKings’ revenues were derived, in part, from unlawful conduct and thus unsustainable; (5) accordingly, the benefits of the business combination were overstated; and (6) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DraftKings class action, go to http://www.rosenlegal.com/cases-register-2109.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20210716005488/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

cases@rosenlegal.com

www.rosenlegal.com 

KEYWORD: CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC NEW YORK

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Rosen Law Firm

Copyright Business Wire 2021.

PUB: 07/16/2021 05:53 PM/DISC: 07/16/2021 05:53 PM

http://www.businesswire.com/news/home/20210716005488/en