Buyers can speak to the legislation agency at no charge to find out more about recovering their losses
LOS ANGELES, June 17, 2021 (World NEWSWIRE) — The Portnoy Law Firm advises DraftKings, Inc. (“DraftKings” or the “Enterprise”) (NASDAQ: DKNG) investors that the firm has initiated an investigation into feasible securities fraud, and may perhaps file a course motion on behalf of buyers.
Traders are encouraged to contact lawyer Lesley F. Portnoy, by cellular phone 310-692-8883 or e mail: lesley@portnoylaw.com, to talk about their lawful rights, or simply click in this article to sign up for the situation by means of www.portnoylaw.com. The Portnoy Law Firm can present a complimentary case analysis and talk about investors’ alternatives for pursuing promises to recuperate their losses.
Hindenburg Investigation (“Hindenburg”) printed a report on June 15, 2021, addressing DraftKings, alleging that the Company’s merger with SBTech uncovered DraftKings to dealings in black-marketplace gaming. Their report cited “conversations with several previous staff members, a overview of SEC and international filings, and inspection of again-close infrastructure at illicit international gaming web sites,” and alleged that SBTech has a long and ongoing document of operating in black markets, estimating that 50{dcfa4b42334872b3517041d7075c48816e8f617446b245cec30e8949517ffd84} of SBTech’s profits is from markets where gambling is banned.
On June 15, 2021, DraftKings’ stock selling price fell $2.11 per share, or 4.17{dcfa4b42334872b3517041d7075c48816e8f617446b245cec30e8949517ffd84}, following publication of the Hindenburg Report, to close at $48.51 per share.
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The Portnoy Legislation Company signifies buyers in pursuing claims arising from company wrongdoing. The Firm’s founding spouse has recovered above $5.5 billion for aggrieved traders. Legal professional advertising. Prior effects do not ensure equivalent results.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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