Special master orders review of FanDuel merger communications in shareholder suit
By The Weekly Edge desk ·
Summary
A New York Supreme Court special master ordered defendants in a FanDuel shareholder lawsuit to submit certain withheld legal communications for confidential review, according to NEXT.io. The order covers documents concerning FanDuel’s valuation, drag-along rights or merger proceeds; it does not decide the shareholders’ allegations, which defendants contest. Fact discovery is due to finish by 18 December.
Why it matters
The review could lead to disclosure of communications relevant to former shareholders’ claims over the 2018 merger proceeds.