FanDuel, PE Firms Want Merger Suit To Follow Scottish Law

Law360 (November 30, 2020, 10:39 PM EST) -- A New York federal judge questioned Monday whether FanDuel Inc. and private equity firms Shamrock Capital Advisors LLC and KKR & Co. were asking FanDuel's founders and several former shareholders to meet too high a standard in a bid to toss claims they conspired with conflicted directors to cut the founders and common shareholders out of the fantasy sports company's 2018 merger with Paddy Power Betfair PLC.

FanDuel, which has grown into one of the top online and mobile sports betting operators in the U.S., and the two private equity companies argued that even under New York law, the founders and...

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