MLB players' union affiliate reaches agreement with FanDuel after agreeing to dismiss lawsuit [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
MLB Players Inc. said Tuesday it signed a non-exclusive product and marketing licensing agreement for FanDuel Sportsbook along with OneTeam Partners, a union commercial partner. MLB Players sued FanDuel and Underdog Sports in New York Supreme Court on Sept. 16, alleging improper use of names, images and likenesses. The case that was moved to U.S. District Court in Manhattan on Oct. 18. MLB and FanDuel filed a notice of voluntary dismissal with the court on Nov. 19 that was approved by U.S. District Judge Ronnie Abrams, but the suit against Underdog remains pending. "This license builds on our existing agreements in this new category of revenue,” union head Tony Clark said in a statement. A separate suit filed Sept. 16 against DraftKings Inc. and Bet365 Group Ltd . is pending in federal court in Philadelphia. ___ AP MLB: https://apnews.com/hub/MLB
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DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- DKNG's page on the SEC website