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Two former shareholders allege in federal court that an auto-racing video game creator swindled them out of more than $200 million in stock. In a complaint filed last month in the U.S. District Court for the District of Delaware, HC2 Holdings 2 Inc. and Continental General Insurance Co. allege majority shareholder Motorsport Games Inc. portrayed 704Games Co. as being unprofitable and bought out their shares for $1.2 million, then months later went public with shares trading at more than 170 times that buyout value. The latter company developed video games based on NASCAR racing. HC2 Holdings 2 Inc. v. Motorsport Games Inc., 1:21-cv-00165.
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California Court of Appeal Rules on Formerly Licensed Attorney Who Continued as Talent Manager
By Stan Soocher
Conflict of interest is a red-flag concern when an attorney becomes a talent manager. But what happens when a formerly licensed attorney continues to provide management services for talent?
No Delay for Weinstein Victims Trust Plan
By Ellen Bardash
A U.S. District Court Judge for the District of Delaware judge ruled not to grant a motion that would have stayed a liquidation plan setting aside $17 million to settle with those who have claimed sexual misconduct by former film industry executive Harvey Weinstein.
Navigating Defamation Litigations Today
By Bo Pearl, Avery Johnson and Kiaura Clark
Tensions erupted both on and off the set of a Newsmax TV segment when MyPillow CEO Mike Lindell bolstered his claim of a rigged presidential election with…
Developments In Student Athletes’ Publicity Rights
By Benjamin Tulis and Gregg E. Clifton
The rights of college student-athletes to receive compensation for the use of their “name, image and likeness” (NIL) are finally being addressed. As…
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