Benzinga | Jul 6, 2021 08:36AM EDT

FuboTV Finance Chief Announces Departure Plans

* FuboTV Inc's (NYSE:FUBO) Simone Nardi will depart as the company CFO once it appointed the next Finance Chief to pursue other opportunities. The company filed the 8-K dated June 29 on July 2.

* The announcement follows the U.S. District Court's dismissal of a shareholder derivative action with prejudice.

* The lawsuit alleged breaches of fiduciary duties of loyalty and good faith and waste of corporate assets. Nardi was one of the defendants in the lawsuit.

* Price action: FUBO shares traded lower by 2.2% at $29.4 in the premarket session on the last check Tuesday.