Update on the Distribution of Net Settlement Funds
The Court has approved the distribution of the Net Settlement Fund to Eligible Class Members under the Court-approved Plan of Allocation. The distribution of the Net Settlement Fund occurred on
November 13, 2025

Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

If you have any questions, please contact the Settlement Administrator at
866-287-0747 or EEPSecurities@FlyingEagleSecuritiesLitigation.com. 

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.

On October 14, 2025, Plaintiffs filed their Unopposed Motion for Class Distribution Order, and the Court entered the Class Distribution Order on October 15, 2025. The initial distribution from the net settlement fund will take place in the fourth quarter of 2025. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

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.

Payments to Eligible Class Members will only be made after approval by the Court. On October 14, 2025, Plaintiffs submitted to the Court the Unopposed Motion for Class Distribution Order. On October 15, 2025, the Court approved the distribution of the net settlement fund to Eligible Class Members, which occurred in November 2025. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

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.