New York, New York, Jun 23, 2021 (Newsfile Corp via COMTEX) -- New York, New York--(Newsfile Corp. - June 23, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against DraftKings Inc. ("DraftKings" or the "Company") /zigman2/quotes/213120645/composite DKNG +0.18% .
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.
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.
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