THQ suspected of misleading investors about uDraw
A Georgia law firm is investigating THQ to determine if it misled investors about the stagnant demand for its uDraw tablet, before discontinuing its production in February. Holzer Holzer & Fistel assert that THQ may have withheld information about decreased demand for the uDraw, and may have made "false and misleading" statements about its progress, Gamasutra reports.
If THQ employed any of these tactics, it could be in violation of federal securities laws.
This investigation follows a slew of financial issues at THQ as well as the sale of its UFC franchise rights to competitor Electronic Arts.
