For 8 years now, I’ve been fighting on behalf of the founders and 100+ former @fanduel who were unfairly deprived of their ownership in the company they built.
Quick recap: In 2018, FanDuel merged with Flutter’s US business. FanDuel shareholders received 40% of the newly merged business, FanDuel Group Inc.
The FanDuel board then fraudulently used an artificially low valuation of just $559M (the exact number of the preference stack) to wipe out the common shareholders, so that they alone got all of the upside.
Then two years later, the same investors sold that 40% stake for $4.2B, pocketing it all for themselves.
Since before the merger closed in 2018 we have been in litigation with the company and its former board, including KKR and Shamrock, over their breach of fiduciary duty.
In 2024, we filed an expanded complaint which included details of defendants’ various breaches including fraud, conspiracy and bribery.
The defendants tried to have the case dismissed. However last week the New York Supreme court largely denied their motion. All claims relating to breach of fiduciary duty, fraud, conspiracy and bribery remain.
This is an interim but important step as we move towards being able to present all of the evidence in court.
Link to the court’s ruling below.
Today we are announcing a $10M Series A and the launch of @StudiosSen52315
Over the last 6 months, our AI dealer became 10x more popular than its human equivalent, with better retention and player satisfaction.
Now we’re bringing that to casino operators globally:
Photorealistic avatars.
Branded dealers.
140+ languages.
Infinite scale.
No setup fees or monthly minimums.
The live dealer market is about to change forever.
@Scotlandteam@SixNationsRugby@DKernahan Dream come true for you mate. Once they get crowds back in I’m sure there be a flag bearer position waiting for you. Keep applying and hopefully you’ll be a mascot some day...
Flick has seen dramatic growth over the past few months. Now looking for a sales manager to help us find and onboard sports influencers onto the Flick platform. Candidate needs solid sales and social media experience. https://t.co/SiqZC6ZH1P