FanDuel founders launch legal action

first_img Regions: UK & Ireland FanDuel founders launch legal action 15th August 2018 | By contenteditor Email Address Four of FanDuel’s founders have launched legal action in a Scottish civil court after claiming that the daily fantasy sports operator was undervalued when it was acquired by Paddy Power Betfair.Paddy Power Betfair acquired FanDuel in May in a deal that valued the firm at $465m (£367m/€411m). The bookmaker has since combined FanDuel with its Betfair US business to create a larger company that now focuses on sports betting, as well as FanDuel’s existing DFS offering.However, the complainants, led by former FanDuel chief executive Nigel Eccles (pictured), have claimed that the valuation did not take into account the potential impact of sports betting on the company.In the weeks leading up to the deal, the Supreme Court opted to overturn PASPA, thus allowing all states across the US to pass laws to regulate sports betting.The lawsuit argues that FanDuel’s stock valuation was not recalculated until the deal was closed, while Paddy Power Betfair’s jumped 28% in the two weeks after the Supreme Court ruling.The main issue lies within the terms of the deal, under which some of the early investors in FanDuel were guaranteed windfalls, while those who held non-preferred shares – including the complainants – were not.Alongside Eccles, who stepped down as CEO in November, the petitioners include Lesley Eccles, Tom Griffiths and Rob Jones.“Having elected to so utilise the ‘waterfall’ provisions, the board was then required to pick a price on which to base the conversion,” the lawsuit stated.“The board of FanDuel considered whether the US Supreme Court ruling and its impact upon the market value of FanDuel should cause the company to be revalued. It has chosen not to do so. The board of FanDuel elected to use the valuation obtained prior to the US Supreme Court ruling, without seeking any current and sound valuation of the company.”The petition added: “The board of directors, which is de facto controlled by institutional investors, who stand to benefit from the purported share transaction as a result of their large holdings of preferential shares, has acted unfairly and has caused prejudice to the petitioners.“The decision of the board (whose interests are aligned with preference shareholders), not to seek and act upon a new market valuation in the face of a material event, which is likely to have significantly increased the market valuation of FanDuel, is a breach of its fiduciary duties.”A FanDuel spokesperson told Recode that the petition is “simply not rooted in facts or reality”.The spokesperson added: “In preparation for this deal, an exhaustive process was undertaken with the anticipation of PASPA’s likely repeal. The deal was consummated consistent with the corporate governance rules and cap table established under the former founders’ leadership.“The facts are that this was a sound business transaction that achieved the highest valuation possible for shareholders and was the right strategic move for the company’s future.”News of the lawsuit comes after it was revealed that FanDuel was New Jersey’s No.1 sportsbook during the debut month of regulated sports betting in the state.FanDuel only went live with its bricks-and-mortar sportsbook at Meadowlands Racetrack on July 14, but was the most popular venue, with its $1.36m making up around a third of total $3.8m gaming revenue. Quartet seek $120m in compensation following Paddy Power Betfair takeovercenter_img Legal & compliance Subscribe to the iGaming newsletter Topics: Legal & compliance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Express Limited (XPRS.ke) HY2017 Interim Report

first_imgExpress Limited (XPRS.ke) listed on the Nairobi Securities Exchange under the Transport sector has released it’s 2017 interim results for the half year.For more information about Express Limited (XPRS.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Express Limited (XPRS.ke) company page on AfricanFinancials.Document: Express Limited (XPRS.ke)  2017 interim results for the half year.Company ProfileExpress Limited is a transport and logistics company in Kenya which offers services for goods clearing and forwarding and warehousing. The company transports goods to the major towns and cities in Kenya and depots in South Sudan, North Sudan, Ethiopia, Zambia, Zimbabwe, Uganda, Tanzania, Rwanda, Burundi and the DRC. Express Limited operates a diverse fleet comprising trucks, small vans, trailers, low loaders, side loaders, cladded stainless steel tankers and forklifts. The company offers value-added services for its clients which includes handing customs documentation for imports and exports; coordinating pick-ups, clearing and door-to-door deliveries; pre-shipment inspections; warehouse logistics, and storing, cleaning and repairing empty containers. A division of Express Limited manages its investments in real estate. Express Kenya is a subsidiary of Etcoville Holdings Limited and its head office is in Nairobi, Kenya. Express Limited is listed on the Nairobi Securities Exchangelast_img read more

Kane Barrett gets straight red card but cited for separate stamp

first_imgSunday Jul 14, 2013 Kane Barrett gets straight red card but cited for separate stamp Blues flanker Kane Barrett was red carded against the Chiefs after appearing to have made contact with the head of lock Craig Clarke. Blues coach John Kirwan was incensed at the decision, but Barrett has since been cited for a separate incident. The Chiefs booked themselves a home semi final with a 26-16 victory in what was a competitive game despite the red card, which affected what could have been an even greater contest.Barrett, the older brother of Hurricanes flyhalf Beauden Barrett, was sent off after just 22 minutes for an alleged stamp around the head of Clarke, who sympathised with him post match.“I felt a little bit on the shoulder. Personally I feel for the man. If that was a club game in Taranaki you wouldn’t look twice at that thing. I know he’s hurting about it,” said Clarke.Chiefs coach Dave Rennie said “They are pretty unforgiving with anything close to the head but it seemed pretty harsh,” while Blues coach John Kirwan felt it should only have been a yellow.He has called for referee Chris Pollock to be held accountable. “A yellow would have been sufficient and it ruined what I reckon would have been a great game. It was just trying to get him out of the way. There was no intent in it whatsoever,” Kirwan said.“This is a professional sport. We’ve got millions of viewers all around the world watching. I challenge Lyndon Bray to do what we do; being dropped from selection next week because you don’t play well or losing your job because you don’t coach well.“All I’m saying is that please take a leaf out of the book of the NRL so we can at least challenge this stuff. It’s time we started to mature and be a professional sport and everyone is held accountable.”Captain Ali Williams, playing in his final game for the Blues, could be heard making a comment similar to that of Tana Umaga’s classic ‘tiddly winks’ quote as he reacted to the decision: “What do you mean? F*ck. What sort of game are we playing!”In a strange twist however, Barrett has now been cited for a stamp that occured just two minutes earlier as the Blues attacked the tryline. It wasn’t spotted by the officials at the time. Chiefs prop Ben Tameifuna created a turnover, but appeared to get a boot or two for his troubles.“Upon further review of the match footage, the citing commissioner deemed in his opinion the incident had met the red card threshold for foul play,” SANZAR said in a statement.Barrett was recently named captain of Taranaki so a suspension could rule him out of an important first NPC game in the ITM Cup, when his side take on Canterbury away on August 16th.You can view the red card incident in the video below, and the other alleged stamp over on page two. Click here to go straight there, or use the navigation below this video.A quick look at the alleged trampling incident that Barrett has been cited for. He appeared to make contact with the head of prop Ben Tameifuna after the turnover was made. It wasn’t picked up by the officials or the commentators at the time, but you can see a hashed together replay in this clip.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Charitable giving questionnaire

first_imgVisit her Charitable Giving Survey. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Howard Lake | 10 January 2002 | News Charitable giving questionnaire Rebecca Rux-Burton is conducting research at Oxford University into the motivations behind giving to charities, comparing third world charities and educational institutions, on the basis of income per ask whether by mailshot or telephone.Rebecca Rux-Burton is conducting research at Oxford University into the motivations behind giving to charities, comparing third world charities and educational institutions, on the basis of income per ask whether by mailshot or telephone. She plans to take into account the giving rate and the average gift.She is asking people at third world and educational charities to complete a short Web-based survey to help her in her research. Advertisement  13 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3last_img read more

Sandara Kelso-Robb is new NI philanthropy CEO

first_imgSandara Kelso-Robb is new NI philanthropy CEO  260 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7  259 total views,  3 views today Tagged with: Giving/Philanthropy Management Northern Ireland Recruitment / people Philanthropy promotion organisation Giving NI has appointed Sandara Kelso-Robb as its new chief executive.Kelso-Robb takes up her new position following 14 years as Executive Director of the Halifax Foundation for Northern Ireland. Previously she worked with a range of voluntary sector organisations, mostly in fundraising roles.She was also instrumental in founding Giving NI which was supported initially by Atlantic Philanthropies and the Lloyds Foundation. She has a keen interest in the theory and practice of giving, having completed a MSc in Executive Leadership. Her degree dissertation was entitled ‘The development of infrastructure to support philanthropy in Northern Ireland.’Sandara Kelso-Robb at the renaming of the Halifax Foundation NIKelso-Robb also co-founded N Ireland’s first Giving Circle and plays a key role in championing philanthropy to other potential donors via publications, speaking engagements and promotional opportunities. She was an ambassador for the Give More Campaign and volunteers in a wide range of philanthropy education initiatives. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 Howard Lake | 20 January 2017 | News Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Government blocks access to YouTube

first_img Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes News News China: Political commentator sentenced to eight months in prison RSF_en Receive email alerts ChinaAsia – Pacific June 2, 2021 Find out more April 27, 2021 Find out more Organisation China’s Cyber ​​Censorship Figurescenter_img to go further Reporters Without Borders deplores the blocking of video-sharing website YouTube (http://www.youtube.com) in China since 23 March because of content critical of the ruling Communist Party. The foreign ministry’s spokesman said the same day: “Many people have a false impression that the Chinese government fears the Internet. In fact it is just the opposite.”“If the Chinese government is not afraid of the Internet’s influence, why block all the websites that carry criticism of the Communist Party and why create a national filter designed to ‘clean up’ the Internet?” Reporters Without Borders said. “China’s leaders are extremely intolerant of Internet content and its creators.”The press freedom organisation added: “We firmly condemn this blocking, which not only prevents the world’s biggest group of Internet users from accessing certain online content but also constitutes a very negative message regarding online free expression in China.”Google-owned YouTube’s website is inaccessible in most of China’s provinces, Internet users say. When anyone tries to connect, the following message appears: “This page is not available. The Internet page corresponding to the address http://www.youtube.com is not accessible. The site may have changed its address.” Google spokesman Scott Rubin told Reporters Without Borders: ” We are looking into this and working to restore access to YouTube as soon as possible. I can’t confirm the reason for the block, but I do know that the Chinese Ministry of Foreign Affairs held a press conference today in which it confirmed that the government is responsible for the block.”Many videos showing Chinese repression of the Tibetan population were posted on YouTube in the run-up to the 50th anniversary of the Tibetan uprising of 10 March 1959. A popular video called “Cao Ni Ma” (Grass Mud Horse) was also posted at the start of the month that exploited the possibilities of word play and double entendre in Chinese to defy government censorship. It prompted the following ban, which the authorities sent to Internet forums: “It is forbidden to promote any content related to Grass Mud Horse or to misinterpret its content. This video has been elevated to a political level and overseas media have turned it into a story about confrontation between netizens and government.” It was removed from YouTube, which was already blocked from 5 to 7 March. In October 2007, YouTube was also blocked when it launched a Chinese-language version aimed at residents of Taiwan and Hong Kong.The Communist Party exercises a great deal of control over audio and video content on the Internet. Under rules that took effect in January 2008, websites are supposed to obtain prior permission from the authorities before posting audio and video files.Government control is facilitated by the fact that the Chinese public uses the Internet services created by Chinese companies much more than foreign ones. The Chinese search engine Baidu.cn (which carefully filters out “subversive” content), is used for 60 per cent of searches as against 20 per cent for Google and fewer still for Yahoo!.China’s most popular blog platform is Sina, which was the first website to obtain a government licence to post news content. It is subject to a self-discipline pact that was imposed by the Internet Society of China (ISC), an offshoot of the information industry ministry, in August 2007. The pact “encourages” websites to register users before letting them post content online and to keep their personal data. In practice, the courts have the power to close sites.Google’s Chinese-language search engine, Google.cn, has been censored since 2004.Download the 2009 Internet Enemies report to know more about China and the Web. News Help by sharing this information March 25, 2009 – Updated on January 20, 2016 Government blocks access to YouTube ChinaAsia – Pacific Follow the news on China March 12, 2021 Find out more Newslast_img read more

PARC concerned that Donegal Rally will lead to copycat driving

first_img Previous articleFormer Finance Minister Brian Lenihan passes awayNext articlePresidential hopeful looking for backing of Donegal County Council News Highland Pinterest By News Highland – June 10, 2011 Facebook Pinterest Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp The Head of the Donegal Road Safety Group PARC has expressed concern that gardai will not have the resources to deal with drivers who she believes will mimic those taking part in the Donegal International Rally.Susan Grey has also called on the Rally organisers to ensure that rally cars stick to the route over the course of the event to ensure publicly safety.She has also expressed concern at figures released at a road safety seminar in Donegal which showed that over a 13 year period, 307 were killed on the roads in the county, with 1,184 injured.Ms Grey says the injury figures are very much under-reported:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/06/rally-susan.mp3[/podcast] Google+center_img PARC concerned that Donegal Rally will lead to copycat driving WhatsApp Minister McConalogue says he is working to improve fishing quota Guidelines for reopening of hospitality sector published Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also Newsx Adverts Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Reportlast_img read more

Hanafin promises to defend Derry Dublin air link at cabinet table

first_img Previous articleLYIT Director says Donegal retains more graduates than any other rural countyNext articleNight work not an option in Milford – Mc Bride News Highland Newsx Adverts WhatsApp Tourism Minister Mary Hanafin has promised to support the retention of EU and government support for the Dublin – Derry air link provided by Aer Arran.The issue was raised with Minister Hanafin during a visit to Donegal on Friday last.Local business leaders, including Pramerica CEO Henry Mc Garvey say the Derry Dublin link is hugel;y important to the North West economy, and it should be maintained. Senator Cecilia Keavney says when she raised it with Minister Hanafin in Donegal, the response she got was very positive……[podcast]http://www.highlandradio.com/wp-content/uploads/2010/09/55555cecil1pm.mp3[/podcast] Twitter Pinterest Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire Facebook RELATED ARTICLESMORE FROM AUTHOR By News Highland – September 20, 2010 center_img 365 additional cases of Covid-19 in Republic Twitter WhatsApp Further drop in people receiving PUP in Donegal Hanafin promises to defend Derry Dublin air link at cabinet table Google+ Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North Facebooklast_img read more

Demonstrations calling for 100% Mica redress scheme taking place in Donegal

first_img Google+ AudioHomepage BannerNews By News Highland – May 22, 2021 Twitter Twitter Google+ Demonstrations calling for 100% Mica redress scheme taking place in Donegal Facebook Derry draw with Pats: Higgins & Thomson Reaction WhatsApp Demonstrations calling for 100% redress for Mica affected homeowners will take place today in Buncrana, Letterkenny and Ballina.The organisers say they will be peaceful and Covid compliant.Meanwhile, the Chair of Donegal County Council’s Redress Committee is urging people to continue with applications to the scheme.At a meeting last evening, the Council’s Director of Services, Joe Peoples said people may be reluctant to move to the next stage of the scheme because they believe there is a prospect it may be changed.Cllr Martin McDermott is however, urging people not to delay.The council is considering appointing a liaison officer to meet with affected homeowners and guide them through the application process.Cllr McDermott believes that would be a beneficial move:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2021/05/mmcdsatWEB.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsAppcenter_img Pinterest Harps come back to win in Waterford FT Report: Derry City 2 St Pats 2 Pinterest Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th DL Debate – 24/05/21 RELATED ARTICLESMORE FROM AUTHOR Facebook Previous articleCaravan and motorhome users to be surveyed by DCCNext articleAccess code for unlocking HSE systems ‘fraught with risk’ – Reid News Highland last_img read more

Warning issued days before Florida woman attacked and killed by alligator: Report

first_imgMoodboard/Thinkstock(DAVIE, Fla.) — An alligator warning was issued to residents of a South Florida homeowners association two days before a 47-year-old woman was attacked and killed by an alligator, according to a report.The Isla del Sol Homeowners Association in Plantation reportedly issued the wildlife alert on Wednesday in an email that urged residents to “exercise caution with our families and pets, mindful that alligators, snakes, and other wildlife may be in the area.”The alert was sent out after authorities trapped a 6-foot alligator near a resident’s front door, the South Florida Sun-Sentinal reported.It was not immediately known if Shizuka Matsuki received the email before she went out to walk her two dogs Friday morning at Silver Lakes Rotary Nature Park in Davie near Matsuki’s home.A passerby saw Matsuki’s with her dogs near the shoreline about 9:45 a.m. Friday, police said. A short time later, the passerby called 911 to report seeing Matsuki’s dogs alone and barking, including one that appeared to have been bitten by a gator, according to police.Police and wildlife experts immediately launched a search for Matsuki in the area of water channels and ponds about 25 miles north of Miami and suspected the worst when a large gator was spotted swimming in the area.Gator hunters were dispatched to the scene and captured and killed an alligator measuring 12 feet 6 inches. When the Florida Fish & Wildlife Conservation Commission performed a necropsy on the reptile, they found Matsuki’s arm, identified by a tattoo, in the gator’s stomach, officials said.Matsuki’s body was discovered just before 10 p.m. Friday at the Silver Lakes Rotary Natural Park pond, said Robert Klepper, spokesman for the commission.Copyright © 2018, ABC Radio. All rights reserved.last_img read more