Firy Inc. announced that a U.S. District Court has ordered Papaya Gaming to pay $719 million to its subsidiary, Skillz Platform Inc., in a post-trial ruling for a false advertising lawsuit. The judgment represents the disgorgement of Papaya's unjust profits and is nearly $300 million higher than a previous jury award.
Key Details
- Judgment Amount: Papaya Gaming was ordered to pay $719 million for the disgorgement of unjust profits, plus an award for certain attorney's fees and costs.
- Lawsuit Background: The ruling stems from a 2024 false advertising lawsuit filed by Skillz Platform Inc. against Papaya for violations of the federal Lanham Act and New York General Business Law.
- Recovery Status: The company intends to vigorously pursue full collection of the judgment but noted that the timing and amount of any ultimate recovery are not guaranteed, pending potential appeals or further proceedings.