Skillz eSports Founder’s Brother Advances Bid to Reform Trust

The brother of Skillz Inc. founder Andrew Paradise can move forward with a lawsuit seeking to reform a Delaware trust holding stock in the eSports franchise over claims that his billionaire brother defrauded him into surrendering control of it, a judge in the state ruled.

Chancellor Kathaleen St. Jude McCormick let Jeremy Paradise advance two different theories for reforming the trust, saying it’s plausible he made a “unilateral mistake” about its contents after Andrew approved last-minute changes to the document that Jeremy hadn’t authorized.

Jeremy stated explicitly “that he would never have agreed to deprive himself of” power to appoint ...