According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- the NFTs were securities for which DraftKings unlawfully failed to file a registration statement;
- DraftKings ensured that money invested by class members stayed on DraftKings’ private and exclusively controlled marketplace, propping up the market for and overall valuation of DraftKings’ NFTs; and
- as a result, investors have suffered significant damages.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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