DraftKings has settled a legal spat with its former head of VIP, Michael Hermalyn, whom the operator accused of “corporate espionage” after the executive jumped ship to its rival, Fanatics. Michael Hermalyn, above, denied DraftKings’ allegations, but he is severely restricted in the duties he can perform for Fanatics until February 1. (Image: Cheddar) The terms of the settlement have not been disclosed, but it comes three months after the 1st U.S. Circuit Court of Appeals in Boston rejected Hermalyn’s bid to overturn a lower court injunction that severely restricted the type of work he could do at Fanatics. The lower court determined last April that a noncompete clause Hermalyn signed while at DraftKings was enforceable. ‘Stolen’ Super Bowl Plan Boston-based DraftKings sued Hermalyn in Massachusetts in February 2004 claiming he plotted to join Fanatics for over a year before leaving. The lawsuit alleged he took with him confidential information about DraftKings’ VIP clients, along with its Super Bowl business plan.… Read More
Category: Commercial Gaming, DraftKings, Fanatics, Michael Hermalyn, settlement
Source: Casino.org
