On behalf of a portion of the gambling corporation’s investors, the law firm will be investigating DraftKings’ directors and c-level executives for securities fraud.
The main driver of the lawsuit was a hack directed at DraftKings in the second half of November, where about 300 thousand dollars of customer funds were affected, as admitted by the co-founder of the iGaming operator, Paul Liberman.
As the news of the hack spread on the internet, DraftKings’ share price fell by just over 5%.
You can learn more about the action and join it if you own DraftKings stock on the law firm’s website.
Pomerantz LLP is an international law firm with one of the industry’s longest dedications to representing the rights of shareholders. They specialize in class-action corporate, antitrust, and securities litigations.
DraftKings is an American iGaming operator offering mainly sports wagering products in a number of jurisdictions in the United States. Being listed on the Russell 1000 index on the Nasdaq exchange, the firm is one of the industry’s largest players.