Former FanDuel founders sue Flutter $120m for undervaluing their shares

Former CEO Nigel Eccles says the Flutter takeover bid did not consider the potential for US growth

Three FanDuel founders are initiating legal action against the company for undervaluing their shares in its $465m sale to Flutter (formerly Paddy Power Betfair). The $120m lawsuit is calling for a revaluation of FanDuel in light of US sports betting opportunities and its major expansion following the repeal of PASPA last May. It has been…

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