DraftKings’ $10 Million NFT Settlement Gets Final Court Nod (1)

DraftKings Inc.‘s $10 million settlement with a class of customers who purchased its non-fungible tokens got final approval from a federal court, resolving allegations the sportsbook sold unregistered securities and led buyers to expect profits that didn’t materialize.

Class counsel will get $3.33 million in attorneys’ fees plus nearly $53,000 in litigation expenses, Judge Denise J. Casper said Wednesday. The US District Court for the District of Massachusetts judge previously approved a $50,000 award for lead plaintiff Justin Dufoe, who claimed he expected to make a profit but sold some NFTs at a loss and many he held during ...