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Tuesday Deadline: DraftKings Inc. (DKNG) f/k/a Diamond Eagle Acquisition Corp., Class Action - Bronstein, Gewirtz & Grossman, LLC

NEW YORK, NY / ACCESSWIRE / August 30, 2021 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against DraftKings Inc. (DEAC, DraftKings or the Company) (NASDAQ:DKNG) and certain of its directors on behalf of shareholders who purchased or otherwise acquired DraftKingssecurities between December 23, 2019 and June 15, 2021, both dates inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/dkng .

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This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) 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 Companys regulatory and criminal risks with respect to these transactions; (4) as a result of all the foregoing, the Companys revenues were, in part, derived from unlawful conduct and thus unsustainable; (5) accordingly, the benefits of the Business Combination were overstated; and (6) as a result, the Companys public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/dkng or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss inDraftKings you have until August 31, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesnt require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC

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