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DRAFTKINGS UPDATE

July 3, 2021 GMT

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In DraftKings Inc. To Contact Him Directly To Discuss Their Options

NEW YORK, NY - ( NewMediaWire ) - July 02, 2021 - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against DraftKings Inc. (“DraftKings” or the “Company”) (NASDAQ:DKNG).

If you suffered losses exceeding $50,000 investing in DraftKings stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/DKNG.

There is no cost or obligation to you. 

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

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On June 15, 2021, before the market opened, Hindenburg Research published a report calling DraftKings “a $21 billion SPAC betting it can hide its black market operations.” The report cited concerns over its merger with SBTech, a Bulgaria-based gaming technology company that allegedly deals in black market gaming, money laundering, and organized crime. Hindenburg Research estimated that 50% of SBTech’s revenue comes from markets where gambling is banned.


On this news, DraftKings’ stock price fell $2.11 per share, or 4.17%, to close at $48.51 per share on June 16, 2021.


Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.