Legendary Video games is in some sizzling water, because it has not too long ago been topic to a lawsuit from former senior members of its group this week. Prices had been filed on account of the three members of employees had been covertly elevating over $150 million for its new web3 firm – Fenix Video games.
The three now founders of Fenix are Chris Ko (Snr VP), Matt Nutt (COO) and its Co-Founder Rudy Koch.
Whereas the three departures didn’t increase any alarms, Legendary Video games believes that some foul play occurred.
In November, the trio introduced their departure to discovered Fenix Video games. As soon as the corporate itself went stay, Fenix introduced that they’d secured an enormous funding from the United Arab Emirates-based enterprise capital agency – Cypher Capital.
Since then, Legendary Video games filed court docket circumstances in opposition to all three of its former executives. In complete, the trio have been accused of 10 counts, together with fraud and breach of contract, particularly the place suspicions emerge that exercise occurred whereas they had been nonetheless employed.
Total, Legendary’s lawsuits demand the return of any stolen funds whereas asking for restrictions in opposition to use whereas requiring compensatory/punitive damages.
