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seminole casino coconut creek poker“The decision of the board…not to seek and act upon a new market valuation in the face of a material event, which is likely to have significantly increased the market valuation of FanDuel, is a breach of its fiduciary duties,” the petition reads.FanDuel had an existing database of customers who enjoyed trying to win money on sports contests, a valuable asset as more areas of the United States started to offer legalized wagering.FanDuel had an existing database of customers who enjoyed trying to win money on sports contests, a valuable asset as more areas of the United States started to offer legalized wagering.chumba casino malfunctionheir large holdings of preferential shares, has acted unfairly and has caused prejudice to the Petitioners,” the petition reads.However, FanDuel’s value was never recalculated before the deal was closed in July.Based on the 5 million acquisition price, and the use of a “waterfall” financial structure that ensured preferred shareholders – including investment firms KKR and Shamrock Capital – were paid out first, there was nothing left over for those who held ordinary shares, including the company founders.boomtown casino birthday wheel

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