DraftKings Accuses Hermalin of Wrongdoing
Last updated
Last updated
Among the charges against Hermalin was that he encouraged two employees to follow him to Panatics. Hermalin instead claimed that one of the DraftKings employees involved had already applied to Panatics in 2022, claiming that former colleagues had instead contacted him and simply responded to their questions.
DraftKings is also accusing Hermalin of soliciting customers. One highlighted case involved Hermalin introducing a customer to a Panatics VIP employee at the Super Bowl. However, the filing states that the customer is already a longtime Panatics bettor who met the company's chairman and CEO, Michael Rubin, at a dinner a few months ago.
Despite the perception that Hermalyn is attempting to recruit customers and employees, DraftKings does not claim to have lost any of its sectors to Fanatics. Regarding VIP programs, the paperwork notes that they often overlap between Fanatics and DraftKings-sized companies.