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Youbet.com, Inc. board hit by shareholder lawsuit

  • If you are currently an investor in shares of Youbet.com, Inc. (Public, NASDAQ:UBET), and purchased the shares before November 11, 2009, and / or have additional information relating to the investigation, you should contact the Shareholders Foundation.

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Lawsuit Overview

At least five separate shareholders of YouBet have filed lawsuits in Los Angeles Superior Court alleging that Churchill Downs is underpaying for the Burbank company. The plaintiffs are seeking an unspecified amount of damages and a possible halt to the merger. According to the complaint the plaintiff allege breaches of fiduciary duty by the Board of Directors of Youbet.com arising ou...



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