Those who have been dreaming of making money in daily fantasy sports may be in for a rude awakening. A class-action lawsuit has been filed against the 2 major players in the industry, DraftKings and FanDuel, questioning the self-regulatory methods of their contests. The recent scandal has shades of insider trading, where employees from each company would take the internal information (including player rankings, strategy, etc) and submit “teams” to the opposing company. Both companies have been advertising heavily with popular sports leagues like the NFL and MLB, leading many to believe they are very financially successful. The latest lawsuit was filed by a man from Watertown, MA (DraftKings is based in Boston, while FanDuel is based in New York City). Read More
Three Florida families will receive $200,000 each after a year long case comes to a close. The families are being compensated after a peculiar series of events, that allegedly lead to the death of three high school students. Their deaths came just months after the three teens were all hypnotized by North Port High School Principal George Kenney. The case began after Kenney admitted to hypnotizing 16 year old student Wesley McKinley, just one day before he took his own life in the Spring of 2011.
The makers of seafood-based Fancy Feast cat food products face a potential $5 million class action lawsuit over allegations that the company supports slave labor by purchasing the cat food products from an international company known for using “sea slaves.” The plaintiff and a group of California residents filed the Fancy Feast class action lawsuit accusing Nestle of knowing the fish they use in their seafood-based pet food is probably produced using slave labor. The company omits this information from consumers.