US EditionSkillz Faces $10M SPAC Settlement in Delaware - USA Herald
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Skillz Faces $10M SPAC Settlement in Delaware - USA Herald
A proposed $10 million settlement has been submitted in the Delaware Court of Chancery to resolve a shareholder lawsuit stemming from the 2020 merger between online gaming platform Skillz Inc. and Flying Eagle Acquisition Corp., a special purpose acquisition company (SPAC). The lawsuit originally sought $13.5 million in damages. The legal dispute centered on allegations that the SPAC’s leadership failed to adequately evaluate or disclose details…
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