Fanatics and DraftKings Clash in Legal Battle Over Corporate Espionage Allegations
Sports merchandise giant Fanatics counters DraftKings' accusations, denying claims of espionage and employee solicitation in a heated legal dispute.
- Fanatics responds to DraftKings' allegations, accusing the sportsbook of distorting reality and engaging in character assassination of former executive Michael Hermalyn.
- DraftKings claims Hermalyn downloaded confidential documents and solicited employees, seeking an injunction to prevent him from working at Fanatics.
- Fanatics argues that DraftKings is attempting to instill fear among its employees, noting that 186 DraftKings employees have applied to Fanatics since 2021.
- The legal battle highlights the intense competition in the sports betting market, with both companies holding significant market shares.
- Both parties present conflicting evidence, with a federal judge in Boston set to decide on the preliminary injunction request.