Charles R. Breyer
Coverage of Charles R. Breyer in the Nexus archive.
- DraftKings dodges most class claims — except for likely death knell in California
A federal judge dismissed most claims against DraftKings in a California class action lawsuit, including recovery of gambling losses and RICO claims, but allowed injunctive relief under California consumer laws. The court acknowledged the legal ambiguity around daily fantasy sports in California and ruled plaintiffs could pursue claims based on deceptive advertising and fraud.
- Class action over DraftKings’ legality in California likely to advance
A federal judge has indicated a class action lawsuit against DraftKings, alleging illegal daily fantasy sports gambling in California, is likely to proceed. The plaintiffs claim DraftKings misrepresented the legality of its contests, causing economic injury, while the company argues users received the game they paid for. California's attorney general previously opined that such games are prohibited in the state, though the opinion is non-binding.
- Judge scraps Musk’s attempt to toss Twitter fraud verdict
A federal judge rejected Elon Musk’s bid to overturn a jury’s verdict that found him liable for defrauding Twitter investors through misleading tweets during his 2022 $44 billion buyout. The judge denied Musk’s motion to decertify the class and upheld the jury’s finding that his May 13, 2022, tweet was materially false, while dismissing claims related to his May 17 tweet.