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In re DraftKings Inc. Securities Litigation

  1. 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.

  2. 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."

  3. 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.

  4. 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.

  5. 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.