The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the "Notice"). Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

This website relates to a stockholder class action (the “Action”) brought in the Court of Chancery of the State of Delaware (the “Court”). Plaintiffs Darcy Lien, Tony Diao, Michael Ogilvie, Walter Sutherland, and Wesam Taliani, on behalf of themselves and the other members of the Settlement Class (defined below), and Defendants Eagle Equity Partners II, LLC, Harry E. Sloan, Scott M. Delman, Joshua Kazam, Alan Mnuchin, Laurence E. Paul, Eli Baker, and Jeff Sagansky settled this Action for $10,000,000 (United States Dollars) in cash (the “Settlement”). The Settlement resolves all claims in the Action.

On September 2, 2025, the Court held a hearing to consider approval of the Settlement and related matters. Following the hearing, the Court entered a Final Order and Judgment, which, among other things, finally approved the Settlement, approved the Plan of Allocation for the proceeds of the Settlement, and awarded attorney’s fees and litigation expenses to Plaintiffs’ Counsel.

If you are a member of the Settlement Class, you are subject to the Settlement. The non-opt-out Settlement Class finally certified by the Court, for purposes of the Settlement only, consists of:

All holders of Flying Eagle Class A common stock, whether beneficial or of record, as of the closing of the Merger, including successors-in-interest who obtained their shares by operation of law. Excluded from the Settlement Class are (i) Defendants; (ii) members of the immediate families of the Individual Defendants; (iii) any person who is, or was at the time of the closing of the Merger on December 16, 2020, an officer or director of Flying Eagle, Eagle Equity Partners, or Legacy Skillz, and their immediate family members; (iv) any parent, subsidiary, or affiliate of Flying Eagle, Eagle Equity Partners, or Legacy Skillz; (v) any entity in which any Defendant or any other excluded person or entity has, or had at the time of the closing of the Merger on December 16, 2020, a controlling interest; and (vi) the legal representatives, agents, affiliates, heirs, successors, and assigns of any such excluded person or entity.

The Settlement Administrator is currently working to finalize the administration of the Settlement. Once this process is complete, Plaintiffs’ Counsel will submit a motion with the Court for a Class Distribution Order. Please be aware that this process may take several weeks. For further updates, please continue to check this website.

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice, a copy of which can be found on the Important Documents page of this website. Additional information can also be obtained on the FAQ tab, or by contacting the Settlement Administrator by calling toll-free (866) 287-0747, emailing info@FlyingEagleStockholdersLitigation.com, or mailing a letter to:

Flying Eagle Stockholders Litigation
c/o JND Legal Administration
PO Box 91121
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.