Berger Montague Investigates Allegations of Securities Fraud Against DraftKings Inc. (DKNG); The lead applicant deadline is August 31, 2021

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Philadelphia, Pa .– (Newsfile Corp. – July 16, 2021) – Berger Montague is investigating allegations of securities fraud against DraftKings Inc. (“DraftKings” or the “Company”). The Company is investigating these claims 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, would like to discuss Berger Montague’s investigation, or have any questions regarding your rights or interests, please contact Lawyers Andrew Abramowitz at [email protected] or ( 215) 875-3015, or Donnell Much at [email protected] or (215) 875-4667, or complete the form at www.bergermontague.com/draftkings.

Whistleblowers: Anyone with non-public information regarding DraftKings is encouraged to confidentially attend Berger Montague’s investigation or take advantage of the SEC’s 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.

DraftKings is a Boston-based digital sports entertainment and games operator. The Company went public in April 2020 through a business combination with a Special Purpose Acquisition Company (SPAC).

On June 15, 2021, Hindenburg Research released a report alleging that the 2020 merger of online betting company DraftKing with SBTech Global exposed the company to black market gambling and money laundering. Hindenburg Research called DraftKings a “$ 21 billion SPAC bet that it can hide its operations on the black market.” Following the release of the Hindenberg report, shares of DraftKings fell $ 2.11 per share to close at $ 48.51.

Berger Montague, with offices in Philadelphia, Minneapolis, Washington, DC and San Diego, has been a pioneer in class action securities litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades and acts as a senior counsel in courts across the United States.

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Contacts

Andrew Abramowitz, Senior Advisor Berger Montague (215) [email protected]

Donnell Much, partner Berger Montague (215) [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90472

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