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Kirby McInerney LLP Announces a Proposed Settlement in the DraftKings NFT Settlement
A proposed settlement has been reached in the DraftKings NFT settlement, and it’s imperative that those who purchased, sold, or held DraftKings NFTs take notice. According to the official announcement, if you engaged in any transactions involving these non-fungible tokens (NFTs) from August 11, 2021, to the date of judgment entry, this settlement may impact your legal rights.
As per court authorization, a notification has been issued for all affected parties. This is not a solicitation, but rather an important notice regarding potential class action claims. To be eligible to receive cash benefits from this settlement, you must submit a Claim Form by July 21, 2025. The claim process can be accessed through the website www.DraftKingsNFTSettlement.com.
The proposed settlement stems from a class-action lawsuit, Dufoe v. DraftKings, No. 1:23-cv-10524 (D. Mass.). This legal action alleged that NFTs purchased, sold, held, or otherwise transacted on the DraftKings Marketplace violate federal and state securities laws. The suit also contended that the DraftKings Marketplace serves as a securities exchange and the company acts as a securities broker when dealing with NFT transactions, both of which fail to comply with regulatory requirements.
DraftKings has denied all allegations of wrongdoing.
Individuals affected by this settlement have three options: (1) stay within the Settlement Class and submit a claim, (2) opt out of the class altogether, or (3) voice objections. It is essential that you review the details on www.DraftKingsNFTSettlement.com to make an informed decision.
In addition to providing cash benefits, the settlement also addresses attorney fees and expenses. The appointed Class Counsel will represent your interests, and the court will decide whether to approve the proposed agreement at a Final Approval Hearing scheduled for July 30, 2025, although this date may be subject to change without further notice.
Source: https://cryptocurrencynews.com/crypto/kirby-mcinerney-llp-announces-a-proposed-settlement-in-the-draftkings-nft-settlement/
