Kirby McInerney LLP Announces a Proposed Settlement in | Crypto News

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, by and inclusive of the date of entry of the judgment, you must learn this Notice of Class Action Settlement as it might impression your legal rights.

A courtroom licensed 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 law. The Action additionally alleges that the DraftKings Marketplace is a securities exchange and DraftKings acts as a securities broker when transacting in NFTs, neither of which had been registered as required by federal and state law. 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 (decide out); or (3) object to the Settlement.

The Court has appointed Class Counsel to signify you and can determine whether or not to approve the Settlement at a Final Approval Hearing at the moment scheduled for July 30, 2025. That date is subject to change with out additional discover. A present date of the Final Approval Hearing might be discovered on the Settlement web site.

Class Counsel might ask the Court for an award of attorneys’ charges up to 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 more about your choices or to contact Class Counsel, it’s possible you’ll go to the Settlement web site at www.DraftKingsNFTSettlement.com or call (877) 883-9186. The deadline to file a declare is July 21, 2025, and the deadline to decide 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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