Several years ago, the Australian-based online betting and gaming operator, PlayUp, initiated negotiations for a takeover by FTX, a now-defunct crypto exchange. The important acquisition had a price tag of the mind-blowing $450 million. However, as negotiations fell through the cracks, PlayUp filed a lawsuit against its CEO at the time, Laila Mintas, claiming she was responsible for the failed takeover.
The Former CEO Secures a Major Win in the Legal Battle
Only recently, a Nevada judge ruled in favor of the former CEO, effectively dismissing all claims made by PlayUp against her. That’s the case for a ruling by Judge Gloria M. Navarro, who sided with Mintas in the legal battle that has been ongoing for a number of years.
The lawsuit filed by PlayUp was controversial. The leading online betting firm alleged that Mintas affected the discussions regarding the takeover of FTX, which ultimately resulted in the fallout of the negotiations. In contrast, Mintas rejected those claims and accused PlayUp and its CEO, Daniel Simic, of playing a major role in the collapsed takeover.
Now, as announced by NEXT.io, citing a source close to Mintas, the latest ruling marks an important victory for the former PlayUp CEO. “We now have two rulings on two continents confirming that these claims were baseless. It was Simic who sabotaged everything. Now, we can focus on securing her rightful compensation and finally putting this behind her,” the same source, whose identity was not publicly disclosed, revealed.
The same internal source highlighted the negative impact the lawsuit had on Mintas’ career. “Companies were hesitant to work with her while it was still unresolved, which is understandable. But with this ruling, she can finally move forward professionally and leave it all behind,” the insider explained.
Counterclaims Filed by Mintas Against PlayUp Remain
While the claims against Mintas were recently dismissed, the counterclaims she filed against her former employer stand. In the counterclaims, the former CEO accused PlayUp of defamation and breach of contract.
Ultimately, Mintas pursuing a judgement for $100 million. Besides PlayUp, her counterclaims also name the company’s CEO, Simic. It is yet to be seen how that part of the legal dispute would go.
Several years ago, the Australian-based online betting and gaming operator, PlayUp, initiated negotiations for a takeover by FTX, a now-defunct crypto exchange. The important acquisition had a price tag of the mind-blowing $450 million. However, as negotiations fell through the cracks, PlayUp filed a lawsuit against its CEO at the time, Laila Mintas, claiming she was responsible for the failed takeover.
The Former CEO Secures a Major Win in the Legal Battle
Only recently, a Nevada judge ruled in favor of the former CEO, effectively dismissing all claims made by PlayUp against her. That’s the case for a ruling by Judge Gloria M. Navarro, who sided with Mintas in the legal battle that has been ongoing for a number of years.
The lawsuit filed by PlayUp was controversial. The leading online betting firm alleged that Mintas affected the discussions regarding the takeover of FTX, which ultimately resulted in the fallout of the negotiations. In contrast, Mintas rejected those claims and accused PlayUp and its CEO, Daniel Simic, of playing a major role in the collapsed takeover.
Now, as announced by NEXT.io, citing a source close to Mintas, the latest ruling marks an important victory for the former PlayUp CEO. “We now have two rulings on two continents confirming that these claims were baseless. It was Simic who sabotaged everything. Now, we can focus on securing her rightful compensation and finally putting this behind her,” the same source, whose identity was not publicly disclosed, revealed.
The same internal source highlighted the negative impact the lawsuit had on Mintas’ career. “Companies were hesitant to work with her while it was still unresolved, which is understandable. But with this ruling, she can finally move forward professionally and leave it all behind,” the insider explained.
Counterclaims Filed by Mintas Against PlayUp Remain
While the claims against Mintas were recently dismissed, the counterclaims she filed against her former employer stand. In the counterclaims, the former CEO accused PlayUp of defamation and breach of contract.
Ultimately, Mintas pursuing a judgement for $100 million. Besides PlayUp, her counterclaims also name the company’s CEO, Simic. It is yet to be seen how that part of the legal dispute would go.
