{"id":510444,"date":"2021-07-07T11:20:08","date_gmt":"2021-07-07T15:20:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/"},"modified":"2021-07-07T11:20:08","modified_gmt":"2021-07-07T15:20:08","slug":"dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/","title":{"rendered":"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, July  07, 2021  (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a Lead Plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of DraftKings Inc. (\u201cDraftKings\u201d or the \u201cCompany\u201d) (NASDAQ: DKNG) from December 23, 2019 through June 15, 2021. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Exchange Act of 1934.<\/p>\n<p>If you <strong>purchased DraftKings securities, and\/or would like to discuss your legal rights and options<\/strong> please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=njX1E_2jvynH2o0mXm9YTaNbGxujjLdC_xtzvtRJfNoVIyRwhNUITwnFbjQoMt89hmM1uy5myufKV4U0_d9Esq1vyApaNCdKHGpoXD0VMB-HPdfHiXNrJ2ohmlxsEvMdIF4vQ_a03vBji8t3k7_OVKw6nqipgRedPUTVhTsaaQUMBiaQEmzGJIg2uDCM8lFKARQMbY_NctjuEqdS_TlAfMBOVLLUv7iczPAjVBFlbA4=\" rel=\"nofollow noopener\" target=\"_blank\">DraftKings Shareholder Class Action Lawsuit<\/a> or contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8ldNmlPrdHub_FoMp0dmADUSuahqZy7i4H03BJlPK_qrmbegHJ5nzV5v0KdUPaOJs9AyOKXlNPJjaPppr7Y2rQZw_0fYRdBAoOV42Ws-M8U=\" rel=\"nofollow noopener\" target=\"_blank\">Joseph R. Seidman, Jr.<\/a> toll free at <strong>(877) 779-1414<\/strong> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z0QuijEqm3PehNgHGIDLCjWK-MAgSFc6EbTakkkEb-0SAu7z4QtvEjUP_iUZ0HuY1LJrT7dXpgQjrDGM5pBCAwhNVc7qtKz7b7XL2XFwHRg=\" rel=\"nofollow noopener\" target=\"_blank\">Seidman@bernlieb.com<\/a>.<\/p>\n<p>The complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company\u2019s business, operations, and compliance policies. Specifically, defendants made false and\/or misleading statements and\/or failed to disclose that: (i) SBTech (Global) Limited (\u201cSBTech\u201d) had a history of unlawful operations; (ii) accordingly, DraftKings\u2019 merger with SBTech exposed the Company to dealings in black-market gaming; (iii) the foregoing increase the Company\u2019s regulatory and criminal risks with respect to these transactions; (iv) as a result of all the foregoing, the Company\u2019s revenues were, in part, derived from unlawful conduct and thus unsustainable; (v) accordingly the benefits of the business combination dated December 22, 2019 were overstated; and (vi) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p>On June 15, 2021, before the market opened, Hindenburg Research published a report titled \u201cDraftKings: A $21 Billion SPAC Betting It Can Hide Its Black Market Operations.\u201d The report 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 claimed that it had \u201cconversations with multiple former employees, [\u2026] review[ed] SEC &amp; international filings, and inspect[ed] back-end infrastructure at illicit international gambling websites[.]\u201d Based on this information, the report concluded with the opinion that \u201cDraftKings has systematically skirted the law and taken elaborate steps to obfuscate its black market operations.\u201d<\/p>\n<p>On this news, DraftKings\u2019 stock price fell $2.11 per share, or 4.17%, to close at $48.51 per share on June 15, 2021.<\/p>\n<p>If you <strong>purchased<\/strong><strong>DraftKings securities, and\/or would like to discuss your legal rights and options<\/strong> please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T54V9tHwhLL0d6oxFNjElLY_7Ro55DNyjPV6N2K830ub55L3VCtQnXmDpSEXSsqTfOuY9K1Cuf6XcnLDI4kK7HT4rlFkHNFQkpcQGqXhH0Zi810CF2py0Vb1WDrvcuoK4dQfMvdVndYKTLnvKKM0wSTDJugscJhbU2iq7jWBB-d9Vph5IdF6EpptVC8oLdm3eLFSnPaL7u9WuYua4d3ZYSjl8wWOeuPJN6mTIgKtS7pJ82XoQhD1V5ayoardXudzra5SMquRlwAhBaMQ1_jCAH-OZzO2bLxarhUGcccm8M0DLpqUAQIKXnPS8-xmHhqI\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.bernlieb.com\/cases\/draftkingsinc-dkng-shareholder-class-action-lawsuit-fraud-stock-406\/apply\/<\/a> or contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8ldNmlPrdHub_FoMp0dmADUSuahqZy7i4H03BJlPK_o_qjzaYj7rpepcBN3S5iw97jaQfomJHvQMmAsvRG1Mdsl78RKqfOGoUnodQhti0cE=\" rel=\"nofollow noopener\" target=\"_blank\">Joseph R. Seidman, Jr.<\/a> toll free at <strong>(877) 779-1414<\/strong> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z0QuijEqm3PehNgHGIDLCgOMPNMzljLSECgCPWkgUwdrjecWuPdcFKyrnY-yyot5sXShSye4bZ_JkBeOAxBXp6yGEIM3yYp3VbCE-khQxdY=\" rel=\"nofollow noopener\" target=\"_blank\">Seidman@bernlieb.com<\/a>.<\/p>\n<p>Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n<p>ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information<\/p>\n<p>Joseph Seidman, Jr.<br \/>Bernstein Liebhard LLP<br \/>https:\/\/www.bernlieb.com<br \/>(877) 779-1414<br \/>Seidman@bernlieb.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NTkzNCM0Mjg0NTcxIzIwMjkzNDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/722f1eab-b2ac-4757-b0c3-fe659ba527ad\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, July 07, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a Lead Plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of DraftKings Inc. (\u201cDraftKings\u201d or the \u201cCompany\u201d) (NASDAQ: DKNG) from December 23, 2019 through June 15, 2021. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Exchange Act of 1934. If you purchased DraftKings securities, and\/or would like to discuss your legal rights and options please visit DraftKings Shareholder Class Action Lawsuit or contact Joseph R. Seidman, Jr. toll free at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510444","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, July 07, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a Lead Plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of DraftKings Inc. (\u201cDraftKings\u201d or the \u201cCompany\u201d) (NASDAQ: DKNG) from December 23, 2019 through June 15, 2021. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Exchange Act of 1934. If you purchased DraftKings securities, and\/or would like to discuss your legal rights and options please visit DraftKings Shareholder Class Action Lawsuit or contact Joseph R. Seidman, Jr. toll free at &hellip; Continue reading &quot;DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T15:20:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NTkzNCM0Mjg0NTcxIzIwMjkzNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc.\",\"datePublished\":\"2021-07-07T15:20:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\\\/\"},\"wordCount\":597,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3NTkzNCM0Mjg0NTcxIzIwMjkzNDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\\\/\",\"name\":\"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc. - 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(\u201cDraftKings\u201d or the \u201cCompany\u201d) (NASDAQ: DKNG) from December 23, 2019 through June 15, 2021. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Exchange Act of 1934. If you purchased DraftKings securities, and\/or would like to discuss your legal rights and options please visit DraftKings Shareholder Class Action Lawsuit or contact Joseph R. Seidman, Jr. toll free at &hellip; Continue reading \"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-07T15:20:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NTkzNCM0Mjg0NTcxIzIwMjkzNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc.","datePublished":"2021-07-07T15:20:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/"},"wordCount":597,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NTkzNCM0Mjg0NTcxIzIwMjkzNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/dkng-shareholder-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-draftkings-inc\/","name":"DKNG SHAREHOLDER DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against DraftKings Inc. - 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