FuboTV Fraud Suit Over Advertising, Sports Betting Tossed Again

FuboTV Inc., its top executives, and directors beat a proposed class action alleging that they oversold the company’s advertising growth potential and ability to compete as a sports book operator to investors, after a judge dismissed the suit for a second time.

Investors alleged that FuboTV had touted its ability to leverage user data and inventory to achieve long-term advertising growth goals, as well as its chances of successfully competing in the sports betting market, despite lacking the capabilities to succeed on both fronts. These misrepresentations artificially inflated the company’s share price for nearly eight months, according to the ...