CHICAGO, April 4, 2025 /PRNewswire/ —
Have you bought, offered, or held DraftKings NFTs?
If you 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, you need to learn this Notice of Class Action Settlement as it might impression your authorized rights.
A court docket approved this discover. This will not be a solicitation.
You should file a Claim Form by July 21, 2025, to obtain money advantages from this Settlement. To file a Claim, 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 class motion lawsuit (the “Action”) alleging that NFTs bought, offered, held, or in any other case transacted on the DraftKings Marketplace represent securities that weren’t registered in accordance with federal and state legislation. The Action additionally alleges that the DraftKings Marketplace is a securities trade and DraftKings acts as a securities dealer when transacting in NFTs, neither of which have been registered as required by federal and state legislation. DraftKings denies all allegations of wrongdoing.
Your choices are: (1) keep in 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 Court has appointed Class Counsel to symbolize you and can determine whether or not to approve the Settlement at a Final Approval Hearing at present scheduled for July 30, 2025. That date is topic to vary with out additional discover. A present date of the Final Approval Hearing will be discovered on the Settlement web site.
Class Counsel might ask the Court for an award of attorneys’ charges as much as one-third of the $10 million Settlement Amount, and prices to not exceed $100,000, in addition to a Service Award to not exceed $50,000 for Lead Plaintiff. The Court will decide the quantities to be paid, which is able to come from the Settlement Amount.
To study extra about your choices or to contact Class Counsel, it’s possible 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.
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SOURCE Kirby McInerney LLP
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