Regarding the company's worth prior to a merger, FanDuel investors are facing legal action in New York.
Over the value of the business following a 2018 merger, the founders of FanDuel and other former staff members of the operator are suing an investor in Flutter Entertainment, formerly Paddy Power Betfair, in New York. The lawsuit can now move forward after the New York Court of Appeals decided on Thursday that a lower court's dismissal of a lawsuit filed in Scotland by the founders of FanDuel and more than 100 individuals was incorrect.
Over the value of the business following a 2018 merger, the founders of FanDuel and other former staff members of the operator are suing an investor in Flutter Entertainment, formerly Paddy Power Betfair, in New York. The lawsuit can now move forward after the New York Court of Appeals decided on Thursday that a lower court's dismissal of a lawsuit filed in Scotland by the founders of FanDuel and more than 100 individuals was incorrect.