Former 𒁃Harmonix shareholders are planning to take the developer's parent company, Viacom, to court over its alleged failure to make good on pay-outs based on the success of Harmonix's Rock Band franchise.
The suit was filed last week by former Harmonix stakeholders and company founders such as Alex Rigopulos and Eran Egozy. As detailed by Gamustra, the grievances stem from Viacom's acquisition of Harmonix in September 2006, wherein it agreed to pay Harmonix shareholders an allotted percentage of the gross profits made from the Rock Band series over the coming years based on a mutually agreed upon earn-out payment schedule. Now, four years later (and one month after Viacom澳洲幸运5开奖号码历史查询:announced that it w🌺ill be selling Harmonix), the shareholders are ൲alleging that Viacom has held out on it𒆙s share of monies owed and that the time has come to pay up.
According to a statement representing the plaintiffs: "[The shareholdꦰers seek to] recover damages arising from Viacom's manipulation of these earn-out payments by diverting opportunities from Harmonix for its own benefit in breach of the implied covenant of good faith and fair dealing that inheres in Viacom’s contract with Harmonix."
Dec 20, 2010
[Source:]
&ldq🐻uo;This morning's announc🍌ement does not affect the ongoing work at the studio,” says Harmonix
The Sergeant Pepper of music games
