Robbins LLP served as co-lead counsel for the class of Flying Eagle Acquisition Corp. shareholders who were entitled to redeem their shares of stock in connection with the Company's merger with Legacy Skillz. Shareholders sued for breach of fiduciary duties owed to Flying Eagle stockholders by pursuing the merger for the purpose of gaining a non-ratable benefit for themselves through their interest in Flying Eagle Class B shares and by issuing a false and misleading Registration Statement that misled unaffiliated Flying Eagle Class A stockholders about the diligence defendants conducted into the viability of Skillz post-merger future. Ultimately, Robbins LLP obtained a $10 million recovery for the class.
Lien, et al. v. Eagle Equity Partners II, LLC, et al., No. 2022-0972-PAF (Del. Ch. Sept. 2, 2025)