NEW YORK, NY / ACCESSWIRE / June 15, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. ("DraftKings' or 'the Company') (NASDAQ:DKNG). Investors who purchased DraftKings securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/dkng.
The investigation concerns whether DraftKings and certain of its officers and/or directors have violated federal securities laws.
On June 15, 2021, Hindenburg Research published an article, 'DraftKings: A $21 Billion SPAC Betting It Can Hide Its Black Market Operations.' The article alleges that one of the companies that was part of the three-way merger that took DraftKings public, SBTech, exposed DraftKings and their investors to black-market gaming, money laundering and organized crime. Hindenburg Research stated that it had 'conversations with multiple former employees, […] review[ed] SEC & international filings, and inspect[ed] back-end infrastructure at illicit international gambling websites[.]' The article concluded and said, 'DraftKings has systematically skirted the law and taken elaborate steps to obfuscate its black market operations.' Following this news, DraftKings stock dropped $5.67 per share, or roughly 11% that same day.
If you are aware of any facts relating to this investigation, or purchased DraftKings shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/dkng. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC