In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.
DraftKings is suing a former executive, Michael Hermalyn, in federal court claiming he stole corporate secrets for Fanatics and tried to poach VIP customers.Fanatics alleges DraftKings is punishing Hermalyn for leaving for a better job and scaring off other employees who consider leaving.In a legal brief filed late Thursday in U.S.
Fanatics alleges in its filing that DraftKings has a "culture of retribution" and is making an example of Hermalyn to instill fear in other "DK employees looking to jump ship." The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the DraftKings office in Boston.fighting for customers' dollars. They're investing in technology to improve their apps, individualize marketing and promotions, and make deposits and withdrawals easier. Much of that is proprietary.
DraftKings alleges Hermalyn reached out to one of DraftKings' most valuable customers to alert him that Hermalyn would be leaving his employer.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DraftKings Alleges Former Exec Stole Company Info While At Fanatics CEO’s HomeDraftKings claims to have “a mountain of evidence” outlining Hermalyn’s theft of confidential information from a conversation about a role at Fanatics
Read more »
Fanatics exec files opposition to DraftKings' injunction after 'character assassination'Michael Hermalyn filed for an injunction against his former employer, DraftKings, after the sportsbook accused him of working as a 'double-agent' ahead of taking a new job.
Read more »
Fanatics Sportsbook Promo: Get $1K Bonus | $60 Fanatics Credit in NCThe best Fanatics Sportsbook Promo results in a $1,000 bonus, plus North Carolina bettors get a $60 Fanatics credit (via limited-time pre-registration).
Read more »
DraftKings Promo Code: $1K Bonus Bets With No Sweat on Bucks vs LakersYou won't need a DraftKings Promo Code for your first bet with DraftKings. If your Bucks vs. Lakers bet loses, you can get up to $1K in bonus bets back.
Read more »
FanDuel, DraftKings both see huge Super Bowl betting totalsSuper Bowl LVIII was great for ratings, averaging a record 123.7 million viewers, according to Nielsen. It also appeared to be a notable one for major betting companies.
Read more »
DraftKings Casino Promo Code - 100% up to $2,000Check out the latest DraftKings Casino promo code and earn a 100% deposit match up to $2,000 in NJ, MI, PA, and WV. Click here to learn more.
Read more »