A federal judge on Tuesday severely restricted what services a former DraftKings executive could provide sports betting rival Fanatics after finding he likely misappropriated valuable trade secrets before taking a new job.
U.S. District Judge Julia Kobick in Boston stopped short of barring Michael Hermalyn from working for Fanatics, as DraftKings wanted after he quit his job to help build out its rival’s nascent team catering to “VIP” clients.
But Kobick enjoined him for a 12-month time period starting when he began his new job on Feb. 1 from providing services relating to any aspects of DraftKings’ business that he was involved in or for which he had received confidential information.
