DraftKings Inc. has filed a lawsuit against its former SVP of Growth, Michael Hermalyn, alleging he stole sensitive documents and Super Bowl business strategies before joining Fanatics as the new president of Fanatics VIP. The lawsuit details Hermalyn's supposed deception involving a fabricated death of a friend to facilitate his departure and the transfer of confidential information to his new employer. Fanatics has labeled the lawsuit as 'sour grapes,' while Hermalyn has filed a declaration in federal court denying the allegations, calling them 'completely false and fabricated.' The case has cast a spotlight on the competitive tensions between the two companies over employee poaching and alleged workplace misconduct.
Ex-DraftKings exec accused of stealing trade secrets: “Narrative is entirely fabricated” https://t.co/Fo7Kg5LDJr https://t.co/3t1Tq8O4Fk
NEW on @FOS: Two days after DraftKings sued former exec Michael Hermalyn, Fanatics’ new VIP chief strongly denies DK’s claims. “I am shocked and disappointed to see that they would…make so many completely false and fabricated accusations against me.” https://t.co/qvGmtGrYG4
Ex-DraftKings VP alleges company trying to ‘ruin’ him is part of pattern of disparagement https://t.co/8UqFPWJBTC https://t.co/MCAcxRGr6t
NEWS: Michael Hermalyn, recently hired as the president of Fanatics VIP, has filed a declaration in federal court in response the DraftKings lawsuit. Hermalyn pushes back on many of the allegations laid out by DK. @FOS to come. https://t.co/zqap4EAkJh
DraftKings has filed a lawsuit against its former president of VIP, accusing him of stealing company secrets for Fanatics. ⬇️ https://t.co/7wALAMQ8PZ
DraftKings sues former executive for taking secrets to sports-betting rival https://t.co/bVAcJMub2r https://t.co/vD4IEExzu3
DraftKings sued a former senior executive, alleging he stole the sports-betting site’s business plans for this Sunday’s Super Bowl and other confidential information in order to pass them to Fanatics https://t.co/Syf9XN4U1c
A top executive at DraftKings said he is jumping to rival Fanatics, igniting a legal battle over alleged stolen marketing plans for the Super Bowl, improper employee poaching, and workplace misbehavior. https://t.co/oZPVTSX3np
DraftKings sues former exec over alleged plot to share company secrets with Fanatics: Everything we know https://t.co/5bFgs5Z50y https://t.co/WSMerNgKgA
Ex-DraftKings executive accused of year-long plot to steal company secrets for Fanatics https://t.co/5l7sNuKFdr https://t.co/yXBc8e5AqA
DraftKings sued a former senior executive, alleging he stole the sports-betting site’s business plans for this Sunday’s Super Bowl and other confidential information in order to pass them to competitor Fanatics https://t.co/eg8q530fGt
Fanatics has responded to DraftKings's legal action against former SVP of Growth Michael Hermalyn, dismissing it as "sour grapes" https://t.co/qUpVY73EYB
"This is just sour grapes. DraftKings is understandably upset that one of its employees left for the greener pastures at Fanatics. The fact that they are trying to drum up ridiculous allegations on one of their well-respected executives in an attempt to ruin his reputation sheds…
Just when you thought the Knicks-Raptors lawsuit could not be topped, here comes DraftKings alleging its own executive lied about death of a friend to help facilitate his exit while stealing its Super Bowl strategy and leaving for a rival. That's next level, if true.
DraftKings sues former VIP exec over claims he stole trade secrets for Fanatics https://t.co/TJQC14mT3Y https://t.co/QI7bN1p8Ml
SCOOP: DraftKings sues former exec Michael Hermalyn, who allegedly "stole many of DraftKings’ most commercially sensitive documents" before his "defection" to Fanatics. My @FOS story. https://t.co/6g0Uwwt1SM