On April 29, 2021, Judge Andrew L. Carter, Jr. of the United States Court for the Southern District of New York appointed Lowey Dannenberg as sole lead counsel in Said-Ibrahim et al. v. FuboTV Inc. et al., No. 1:21-cv-01412 (S.D.N.Y.). The case concerns allegedly false and misleading statements made by defendants regarding the business operations and performance metrics, including, among others, FuboTV’s ability to grow subscription levels and future profitability, seasonality factors, cost escalations, ability to generate advertising revenue and its prospects of entering the arena of online sports wagering.
A copy of the Court’s order can be downloaded here.