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Funcom CEO Ole Schreiner recently spoke with GamesIndustry.biz in a lengthy interview that covers everything from the performance of The Secret World to the future of the company to the recent Økokrim raid. The police action has to do with former CEO Trond Arne Aas and accusations of inside...

March 13th 2014 at 10:00am 0 Comments
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Trond Arne Aas, who stepped down as CEO of Funcom the day before The Secret World launched, is back in the spotlight. Norwegian authorities are investigating Aas for allegations of insider trading. An anonymous source reported to The Escapist that Aas' position change to a chief strategy advisor...

September 14th 2012 at 1:00pm 0 Comments
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Zynga has been hit with the first of five expected lawsuits alleging a handful of top executives and investors engaged in insider trading – including CEO Marc Pincus and Google. Following Zynga's IPO in December, employees and investors were "locked up," unable to sell their shares until May...

July 31st 2012 at 2:30pm 0 Comments
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EA has filed two trademark applications for "Prison Kings," one filing for an "online computer game" and the other for "downloadable computer-game software." This can mean only one of two things: EA holds stock in the American prison system and is building a new game based on the hard-knock life...

October 15th 2011 at 7:30pm 0 Comments
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Looks like the long arm of the law finally caught up to the Redstones, as Sumner and his daughter Shari have both been subpoenaed by the U.S. Bankruptcy Court, District of Massachusetts, regarding Sumner selling his stake in Midway to Mark Thomas. Both of the Redstones must appear in a New York cou...

March 5th 2009 at 1:58pm 0 Comments
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Midway's bankruptcy proceeding has gotten even more dramatic, as accusations of fraudulent insider deals enter the mix. The full story gets very complicated, but the main issue involves the relationship between former Midway owner Sumner Redstone and the relatively unknown Mark Thomas, whom the bil...

February 16th 2009 at 3:10pm 0 Comments