NY Lawmakers Keep Daily Fantasy Alive To Fight Another Day
Law360, New York (June 20, 2016, 11:20 PM EDT) -- Facing a deadline in an agreement to halt litigation with New York Attorney General Eric Schneiderman, daily fantasy sports giants DraftKings and FanDuel sweated out a New York legislative session late last week as lawmakers came through in the eleventh hour to pass legislation that experts say gives the beleaguered companies a major boost to their legal battles.
Schneider had hit daily fantasy sports industry leaders DraftKings Inc. and FanDuel Inc. with enforcement actions alleging their contests violate state anti-gambling laws and obtained a state court decision ordering the companies to shut down immediately. The lawsuits not only raised doubts about...
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