Perhaps in response to the sales figures for both Green Day Rock Band and Rock Band 3 hitting below expectations, but Viacom announced last month that it would be selling off its majority share in music-rhythm developer Harmonix, a company it has held since 2006. The sale was confirmed last week, Columbus-Nova – an independent […]
2010 couldn’t finish without a return to one of the year’s biggest news stories. Activision has filed a $400 million lawsuit against Electronic Arts in response to their acquiring a contract with ex-Infinity Ward employees Vince Zampella and Jason West. The litigation seeks damages for what Activision alleges was illegal coaxing of the studio heads […]
Southpeak Games has announced that it has taken steps to clear up some of its financial reporting in response to the suit brought against them by the US Securities and Exchange Commission. The initial investigation stemmed from Southpeak’s earlier failure to report a loan taken out by company chairman Terry Phillips in 2009.
Amidst the after-math of its own legal battles, Southpeak Games has become the target of the U.S. Securities and Exchange Commission. Specifically, the charges alleged against the Two Worlds developer’s chairman Terry Phillips and CEO Melanie Mroz include mis-reporting of company finances and failure to follow government regulations on internal accounting. The company received Wells […]