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FaZe Clan Must Pay for Director’s Legal Defense, Court Rules

April 9, 2020, 7:41 PM

Video gaming and eSports company FaZe Clan Inc. must pay to defend one of its board members against allegations that he conspired in a “corporate raid” to take control of the business, a Delaware court said.

Michael Stang Treschow is entitled to legal expenses connected to a California case because the allegations against him are “inextricably” linked to his role on the company’s board of directors, Delaware Court of Chancery Vice Chancellor Joseph Slights said Thursday in a bench ruling.

Treschow must also be fully reimbursed for what he spent on litigation to collect those expenses, known as “fees-on-fees,” Slights ...