NasdaqGS:DKNGHospitality
DraftKings Lawsuit And Restructuring Put Legal Risks And Valuation In Focus
Massachusetts Superior Court has allowed a class action lawsuit over DraftKings' sportsbook promotion to proceed.
The case focuses on claims of misleading marketing around a bonus offer for sports betting customers.
At the same time, DraftKings is moving ahead with workforce restructuring that includes expected job cuts.
For investors watching DraftKings, ticker NasdaqGS:DKNG, this combination of litigation and restructuring adds fresh context to a volatile share price. The stock last...