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June 23, 2021, 9:57 a.m. EDT

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

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Los Angeles, California, Jun 23, 2021 (Newsfile Corp via COMTEX) -- Los Angeles, California--(Newsfile Corp. - June 23, 2021) - The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") /zigman2/quotes/213120645/composite DKNG -1.70% for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. DraftKings is the subject of a report published by Hindenburg Research on June 15, 2021. The report alleges that the Company's 2020 merger with Bulgarian company SBTech exposed it to black-market gambling and money laundering. According to Hindenburg Research, the Company is "a $21 billion SPAC betting it can hide its black market operations." After the report was released, shares of DraftKings fell by more than 5% in intraday trading.

If you are a shareholder who suffered a loss, click here to participate .

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com , or by email at brian@schallfirm.com .

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88386

COMTEX_388722592/2523/2021-06-23T09:56:31

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/zigman2/quotes/213120645/composite
US : U.S.: Nasdaq
$ 49.79
-0.86 -1.70%
Volume: 7.79M
July 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.22 billion
Rev. per Employee
$236,358
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