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Posts tagged sec

SEC subpoenas the Rhode Island Commerce Corporation over 38 Studios lawsuit

After the last bit of immature name-calling over the 38 Studios debacle, it must be nice to finally put this whole mess to bed for good so we can... oh, wait. No, it appears that the drama regarding the dead studio continues as the Securities & Exchange Commission has issued a subpoena for the...

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The Daily Grind: Should government regulate crowdfunding?

Earlier this week, the US Securities and Exchange Commission proposed rules for regulating public equity crowdfunding that could hit as early as February of next year. If adopted, these rules could affect kickstarters and similar ventures dramatically, according to Forbes. Notably, the regulations...

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38 Studios loan under SEC investigation

It seems as though we can't go more than a few weeks without hearing about some new complication related to the collapse of 38 Studios and the financial catastrophe it left in its wake. This week's news comes in the form of an SEC probe into the $75 million in loan guarantees offered to the studio...

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Turbine hits $6.6m in $50m funding drive

According to news site Gamasutra, US MMO giant Turbine have secured $6.6m worth of investment in a drive where they aim to get $50m in venture capital. Turbine are synonymous with the paid-going-free-to-play title Dungeons and Dragons Online as well as the ever popular Lord of the Rings Online....

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Official word: Perpetual lives, STO "still a triple-A game"

There has been a lot of confusion with regards to the fate of Perpetual Entertainment and Star Trek Online over the past few days. First, an SEC report was filed by Gravity that appeared to say that Perpetual Entertainment was liquidating all assets and would cease to exist as a company. Then,...

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Perpetual disbanding, STO in jeopardy [Updated]

South Korean company Gravity was forced in a mandatory SEC report to spill the beans that Perpetual Entertainment is seeking liquidation of all its assets and will soon cease to exist as a company. Gravity had to disclose this information in compliance with US law to inform its shareholders that it...

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Make My MMO: November 16 - 22, 2014

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