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In re DraftKings Inc. Securities Litigation
Case Number:
1:21-cv-05739
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 10, 2023
'Threadbare' Pleadings Doom DraftKings Investor Lawsuit
A Manhattan federal judge tossed a shareholder's proposed class action against DraftKings on Tuesday, saying investors' claims that they lost money because the sports betting giant failed to disclose a merger partner's purported black-market dealings are based on shoddy sourcing.
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April 27, 2022
DraftKings Says Investor Suit Over Merger Still Lacks Facts
DraftKings has slammed the latest version of shareholders' proposed class action that alleges a merger partner's purported black-market dealings cost them money, saying the investors' case should be tossed because it has "no factual or legal substance."
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February 23, 2022
DraftKings Says No Proof It Duped Investors About Merger
DraftKings on Tuesday denied misleading shareholders who say they lost money because of a merger partner's purported black-market dealings, asking a Manhattan federal judge to throw out the proposed class action.
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November 15, 2021
Robbins Geller To Lead DraftKings Investor Class Action
Robbins Geller Rudman & Down LLP has beaten out five other firms vying to serve as lead counsel in two proposed securities class actions against DraftKings over a merger partner's alleged black-market dealings, according to a Friday order in Manhattan federal court.
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September 01, 2021
6 Firms Jockey To Lead DraftKings Investors' Merger Row
Pomerantz, Robbins Geller Rudman & Dowd and four other firms are competing for the lead counsel spot in a proposed securities class action against sports betting company DraftKings over a merger partner's alleged black market ties, according to court filings Tuesday.