|
Added by Gauss on 13.05.2012 |
Lots of lawsuits...
|
Apparently, another lawsuit was filled in relation to the 'Stargate Worlds' game case.
|
 |
 |
Total Likes : 0 |
Total dislikes : 0 |
|
|
|
|
|
Back in 2010, development of Stargate Worlds, a big-budget, online role-playing game based on the shows, was completely halted.
Apparently, hundreds of private investors in the game who provided an estimated $50 million to Mesa-based game developer Cheyenne Mountain Entertainment Inc., generated a lot of troubles and lawsuits in the past few years.
The primary focus of investor complaints has always been Gary Whiting, former Cheyenne Mountain chairman and CEO.
Now, another lawsuit filed in Maricopa County Superior Court in February, which seeks about $4 million from Whiting and other former Cheyenne Mountain executives, board members and stock promoters.
The Arizona lawsuit's 17 plaintiffs accuse Whiting of misleading investors in various ways to obtain their cash.
The lawsuit alleges that Whiting:
Created a group of companies to solicit investments in Stargate Worlds, which presented themselves to investors as independently owned firms despite being majority-owned by Whiting.
Along with his fellow stock promoters, falsely told investors that Stargate Worlds was nearly completed and an initial public offering was likely.
Took millions from company coffers and solicited loans from investors that never were repaid.
Whiting has denied all wrongdoing in court documents but has yet to offer a detailed account of his version of events.
|
Looks like Whiting could not be reached for comment. And, apparently, court documents show he is not currently represented by an attorney!
Well, there you go. Back in November 2010 he said:
"Besides my personal property, they took my good name," Whiting told Peters. "All I wanted was a fair shake. I founded this company. I'm the brains behind this company. I'm the creative guy behind this company."
|
One thing is sure: it won't end good for him
Maxconsole:
All the gaming, all the news, updated all day
|
 |
|
Click to enlarge to original size
|
|
AzCentral
Wait Stargate World's Video Game ends court
Click here to visit link
|
|
Discuss this in our forums |
|
Click here to discuss about this news in the forums
|
| |
|
|
|
