A pair of proposed securities class actions alleging DraftKings Inc. failed to disclose a company it acquired had a history of unlawful operations that exposed it to liability were consolidated and had a lead plaintiff named, in an order issued by the Southern District of New York.
The U.S. District Court for the Southern District of New York also appointed Robbins Geller Rudman & Dowd LLP, which represents the lead plaintiff, Walter Marino, as lead counsel for the plaintiffs in the Nov. 12 order.
The plaintiffs cite a report published June 15, 2021, by Hindenburg Research alleging the merger with ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.