Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of YouBet.com, Inc.

Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of YouBet.com, Inc. (“YouBet” or the “Company”) (Nasdaq: UBET) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by YouBet’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of approximately $2.84 per share in cash and stock to Churchill Downs, Inc.(“Churchill”) (Nasdaq: CHDN).

If you own the common stock of YouBet and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The investigation concerns the price to be paid by Churchill to YouBet shareholders and the process by which YouBet’s Board of Directors is addressing the transaction. Under the terms of the proposed transaction, YouBet shareholders would receive approximately $2.84 per share based on a fixed ratio of 0.0598 Churchill common shares and $0.97 in cash for each YouBet share owned, for a total transaction value of approximately $126.8 million. Given that YouBet’s stock was trading at $3.08 per share as recently as August 2009, and at $3.91 per share as recently as July 2009, Stull, Stull & Brody is investigating whether the Board of Directors of YouBet has acted in the best interest of the Company’s shareholders and whether the Board has breached its fiduciary duties owed to the Company's shareholders.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

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