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...
To view the full article, register now.