MLBPA affiliate withdraws image lawsuit against Pirates' parent company and Sheetz [CBS News]
DraftKings Inc. - Class A (DKNG)
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Source: CBS News
convenience store chain Sheetz Inc. that alleged unlicensed use of players' names and images on social media. MLB Players Inc., a union business subsidiary, filed a complaint on Aug. 14 in U.S. District Court in Pittsburgh claiming violation of Pennsylvania law regarding the unauthorized use of name and likenesses, common law misappropriation of identity and unjust enrichment. MLB Players Inc. asked for an injunction against the team and Sheetz in addition to damages. The team said the following day that a verbal agreement had been reached. MLB Players Inc. filed a notice of voluntary dismissal on Dec. 23 in the suit, which named Pittsburgh Associates and Sheetz as defendants. The Pirates announced a jersey patch sponsorship deal with Sheetz on June 21. The suit alleged posts on Instagram, X and Facebook by the team and Sheetz improperly used the images of Paul Skenes, Oneil Cruz, Andrew McCutchen, Nick Gonzales, Carmen Mlodzinski and Connor Joe. Another likeness lawsuit filed
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News
- DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at Susquehanna from $56.00 to $54.00. They now have a "positive" rating on the stock.MarketBeat
- DraftKings Inc. (NASDAQ: DKNG) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $44.00 price target on the stock.MarketBeat
- DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at JMP Securities from $52.00 to $50.00. They now have a "market outperform" rating on the stock.MarketBeat
- DraftKings tests a subscription service as it looks to offset high New York taxes [MSNBC.com]MSNBC.com
- DraftKings tests a subscription service as it looks to offset high New York taxes [CNBC]CNBC
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 1/3/25 - Form 4
- 12/27/24 - Form 4
- 12/26/24 - Form 144
- DKNG's page on the SEC website