Bankrupt THQ Skirts Up To $65M In Claims With WWE Deal

Law360, Wilmington (February 21, 2013, 9:10 PM EST) -- A Delaware bankruptcy judge Tuesday approved a settlement between the remnants of THQ Inc. and World Wrestling Entertainment Inc. that allows the defunct video game maker to hand off the WWE game franchise to another developer and dodge as much as $65 million in claims.

U.S. Bankruptcy Judge Mary F. Walrath cleared the deal, according to an order filed with the court, extricating THQ from a licensing agreement with WWE and another pact with the wrestling games’ co-developer, Yuke's Co. Ltd. With the contracts terminated, Take-Two...
To view the full article, register now.