The latest volley in the FanDuel founders case — which pits former CEO Nigel Eccles, alongside dozens of early investors and common shareholders of FanDuel, against an allegedly conflicted board and private equity investors accused of intentionally wiping out those common shareholders in a 2018 merger with PaddyPower Betfair (PPB) — has landed with a bang.
Plaintiffs have until Nov. 14 to oppose the Sept. 16 motion to dismiss the expanded complaint against Shamrock Capital Advisors, KKR, and former board members including former FanDuel CFO-turned-CEO Matt King. King is now the CEO of Fanatics Betting and Gaming and is individually facing a separate charge for fraud in the expanded complaint.
