Paradox and Southpeak settle lawsuit
It's not exactly good news for SouthPeak but, given the ironically rocky year it's had, the company will probably settle for lukewarm. Said news is this: Paradox Interactive and SouthPeak have settled their lawsuit. Last month, Paradox filed against SouthPeak to the tune of $585,382, allegedly revenue that SouthPeak had failed to pay to the developer (a claim that seems to haunt the publisher). According to IndustryGamers, the two companies have amicably settled their differences, with SouthPeak agreeing to "satisfy all of its payment obligations to Paradox Interactive."
Both parties issued statements regarding SouthPeak's financial status, with SouthPeak itself noting that the settlement "has demonstrated its financial stability," while Paradox CEO Fredrik Wester notes that the speedy conclusion "is a tribute to their professionalism and their sound financial integrity." One can only hope that SouthPeak manages to foster this sense of conviviality among all its developers. We're sure the company has had its fill of lawsuits by now.
