Skillz Inc. founder Andrew Paradise’s brother lost his bid Tuesday to have a receiver run his Delaware trust while he seeks to reform it over claims the investment vehicle—which holds stock in the eSports gaming platform—was being mismanaged by fiduciaries loyal to the billionaire CEO.
Chancellor Kathaleen S. McCormick rejected the receivership bid by Jeremy Paradise, who has alleged a scheme by Andrew and one of his attorneys to take over management of the 5% founding equity Jeremy got for suggesting the concept of “monetizing” video game playing.
Skillz eventually combined with a “special purpose acquisition company,” a type of ...
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