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DRAFTKINGS INVESTIGATION: Block & Leviton Investigates DraftKings For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

·2 min read

Boston, Massachusetts--(Newsfile Corp. - June 15, 2021) - Block & Leviton is investigating DraftKings Inc. (NASDAQ: DKNG) for potential securities law violations. Investors who have lost money in their DraftKings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dkng.

What is this all about?

Before the market opened today, Hindenburg Research released a report citing concerns over its merger with SBTech, a Bulgaria-baesd gaming technology company that allegedly deals in black market gaming, money laundering, and organized crime. Hindenburg estimates that 50% of SBTech's revenue comes from markets where gambling is banned, "in sharp contrast to the clean image of DraftKing's brand-conscious partners, including the NFL, NBA, NASCAR, UFC, and PGA." On this news, DKNG shares have dropped more than 10% in intraday trading.

Who is eligible?

Anyone who purchased DraftKings shares and has lost money as a result of this news may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87615