CHICAGO, April 4, 2025 /PRNewswire/ —
Have you ever bought, offered, or held DraftKings NFTs?
For those who bought, offered, held, or in any other case transacted in DraftKings NFTs at any level from August 11, 2021, via and inclusive of the date of entry of the judgment, it’s best to learn this Discover of Class Motion Settlement as it might affect your authorized rights.
A court docket licensed this discover. This isn’t a solicitation.
You could file a Declare Kind by July 21, 2025, to obtain money advantages from this Settlement. To file a Declare, please go to the web site www.DraftKingsNFTSettlement.com.
A Settlement has been reached with DraftKings Inc. and sure of its officers (“DraftKings”) in Dufoe v. DraftKings, No. 1:23-cv-10524 (D. Mass.), a category motion lawsuit (the “Motion”) alleging that NFTs bought, offered, held, or in any other case transacted on the DraftKings Market represent securities that weren’t registered in accordance with federal and state regulation. The Motion additionally alleges that the DraftKings Market is a securities trade and DraftKings acts as a securities dealer when transacting in NFTs, neither of which had been registered as required by federal and state regulation. DraftKings denies all allegations of wrongdoing.
Your choices are: (1) keep within the Settlement Class and submit a declare; (2) ask to be excluded from the Settlement Class (choose out); or (3) object to the Settlement.
The Courtroom has appointed Class Counsel to signify you and can determine whether or not to approve the Settlement at a Last Approval Listening to at the moment scheduled for July 30, 2025. That date is topic to alter with out additional discover. A present date of the Last Approval Listening to may be discovered on the Settlement web site.
Class Counsel could ask the Courtroom for an award of attorneys’ charges as much as one-third of the $10 million Settlement Quantity, and prices to not exceed $100,000, in addition to a Service Award to not exceed $50,000 for Lead Plaintiff. The Courtroom will decide the quantities to be paid, which is able to come from the Settlement Quantity.
To study extra about your choices or to contact Class Counsel, chances are you’ll go to the Settlement web site at www.DraftKingsNFTSettlement.com or name (877) 883-9186. The deadline to file a declare is July 21, 2025, and the deadline to choose out or object is July 9, 2025.
PLEASE DO NOT CONTACT THE COURT OR THE COURT CLERK’S OFFICE REGARDING THIS NOTICE, THIS SETTLEMENT, OR THE CLAIMS PROCESS.
View authentic content material:https://www.prnewswire.com/news-releases/kirby-mcinerney-llp-announces-a-proposed-settlement-in-the-draftkings-nft-settlement-302417561.html
SOURCE Kirby McInerney LLP
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