THQ, Execs Agree To Pay $2.6M To Settle UDraw Suit

Law360, New York (May 8, 2017, 2:51 PM EDT) -- THQ Inc. and two executives have agreed to pay $2.6 million to settle class allegations that they misled investors before a failed plan to expand a Nintendo Wii accessory to other gaming platforms, the investors told a California federal judge on Friday.

The settlement with the now-bankrupt company and CEO Brian Farrell and Chief Financial Officer Paul Pucino will end a suit that had already taken a trip to the Ninth Circuit. The investors were taking issue with positive growth forecasts for the failed expansion of...
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Case Information

Case Title

Khalil Zaghian v. THQ Inc et al


Case Number

2:12-cv-05227

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Manuel L. Real

Date Filed

June 15, 2012

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