Lack Of Misstatements, Scienter Doom Investor Claims, Defendants Argue

(June 17, 2022, 9:25 AM EDT) -- NEW YORK — A federal judge in New York should dismiss federal securities laws claims against digital sports and gaming company DraftKings Inc., certain of its senior executives and others alleging that the defendants concealed the company’s involvement in black-market gaming as a result of its merger with a special purpose acquisition company (SPAC) because the lead plaintiff in the action has failed to sufficiently show that he has pleaded the necessary elements of his claims, the defendants argue in a May 17 reply brief filed in New York federal court....