Skillz CEO sued by his brother over 5% stake

• Skillz (NYSE:SKLZ) is involved in a legal tussle after the brother of the company's founder filed a petition to gain control back of an investment trust.
• The lawsuit accuses Skillz CEO Andrew Paradise of a scheme to take over his brother's 5% stake of the company, per Bloomberg Law.
• Shares of Skillz are off 0.30% premarket to $21.10 to barely dent the +60% one-week return.
• Last weekend, ARK Invest defended Skillz and said the claims of a short seller were exaggerated.. ARK Invest added more than 5M shares of Skillz last week to the ARK Innovation ETF.
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