DraftKings Inc. (DKNG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

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Mar 28, 2024 06:17 pm
NEW YORK -- 

Attorney Advertising--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: bgandg.com/DKNG.

Investigation Details:

On March 27, 2024, Senator Richard Blumenthal sent a letter to DraftKings asking the company to stop targeting gambling addicts. In particular, Senator Blumenthal wants the online sports betting operator to change how it targets VIPs and heavy bettors. Separately, New York Representative Paul Tonko said he is working on legislation that would impose federal oversight of online sports betting in any state that has legalized the business, stating “[t]he bonuses and credits, the promotions and pitches, the VIP hosts. It has to be seen as a whole, and there may be aspects of it that should be prohibited or much more rigorously restricted.”

On this news, DraftKings’ stock price fell $3.33 per share, or 6.84%, to close at $45.35 per share on March 27, 2024.

What’s Next?

If you are aware of any facts relating to this investigation or purchased DraftKings securities, you can assist this investigation by visiting the firm’s site: bgandg.com/DKNG. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]

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