DraftKings NFT Investor Alert: 5/8/2023 Filing Deadline in Securities Class Action – Contact Lieff Cabraser

SAN FRANCISCO--(BUSINESS WIRE)--National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages DraftKings, Inc. (“DraftKings“ or the “Company”) investors who suffered losses from purchasing DraftKings non-fungible tokens (“NFTs”) between August 11, 2021 and present contact our attorneys immediately regarding pending securities fraud class action against DraftKings and a host of Company insiders. The last day to apply to be a lead plaintiff is May 8, 2023.

Class Period: August 11, 2021 – Present

Lead Plaintiff Motion Deadline: May 8, 2023

Case information: lieffcabraser.com/securities/draftkings

Contact us: Email or text [e-mail] or call 1-800-541-7358

DraftKings, headquartered in Boston, Massachusetts, is a digital sports entertainment and gaming company that provides users with daily fantasy sports, sports betting (“Sportsbook”), online casino opportunities, NFT sales and trading on its private and exclusively controlled DraftKings Marketplace (“DK Marketplace”), among other online consumer product offerings. The action alleges that DraftKings’ NFT “drops” are unregistered securities offerings and that the DraftKings Marketplace is an unregistered securities exchange. Defendants allegedly knew that the NFTs they promoted and sold were “securities” under federal and state securities laws, and that they had failed to register their NFTs as securities. Defendants allegedly reaped, or will reap, hundreds of millions of dollars in profits from the unregistered securities sales.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $127 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.