DRAFTKITINGS settles the laws to take class action on NFT Marketplace for 10 million dollars

Draftkings agreed to pay 10 million dollars to settle a securities category from buyers of non -violated unique symbols (NFTS) that the Gambling Company has been sold through its growing market now.

On February 28, the Boston Federal Court judge granted Dennis Kasper to request a preliminary settlement foot A few days ago on February 26 by the main prosecutor Justin Duvo and the category, which would settle all the claims “for $ 10 million in cash.”

The settlement deal will witness the division of $ 10 million between members of the collective lawsuit. The deal also added that DUFOE later expected a $ 50,000 prize request “on his time and effort to charge the case” in addition to the law fees of up to a third of the litigation expenses in the articles.

The entire approved settlement approaches the end of the lawsuit filed for the first time in March 2023, claiming that the NFTS was sold was. Investment contracts Under American law, it was submitted as unregistered stock.

The lawsuit was also called the founders participating in the Draftkings Jason Robbins and Matt Kalish, along with the Finance Coach, turning the main transformation officials Jason Park.

Dufoe claimed in the lawsuit that she lost $ 14,000 by selling Draftkings NFTS in the company DK market with a loss and contract NFTS that lost value.

Draftings was submitted to reject the lawsuit in September 2023, claiming that NFTS was not investment contracts according to securities definition Howy Test He also claimed – who Judge Casper returned in July, saying that NFTS could be securities.

Later in the same month, Draftkings Close the NFT marketSaying that “due to the recent legal developments.” Category Settlement Movement claimed that closed Marketplace made “NFTS inexpensive”, and Draftings “some NFT investors provided a small part of what they have invested in NFTS.

The latest deposit said that Draftks and Class Group started the settlement discussions after the company closed the market, which was finally decided to “mediate throughout the day, which included strict and medium negotiations in front of a neutral third party.”

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The classroom group described the resulting agreement as a “suspended result” that would “avoid the continuous and costly litigation that would exhaust resources.”

The group said that “the realistic and supportable damages” ranges between 18 million dollars to 58 million dollars, as the settlement reached 26 % “from the mid -damage point that is likely to be recovered in this case – an excellent recovery in these circumstances.”

It is the second lawsuit related to the NFT that DRAFTKKINGS This year has settled.

In January I reached a settlement With the National Football League Association in a lawsuit accused Draftkings of not paying the price of the most important American Football Association players in NFTS.

The fine details of the settlement were not revealed, but the lawsuit remained until March 28 to finish the touches on the settlement.

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