Midway Games Inc. (MWY) > Articles
bids
7
7
Midway Games Inc. (MWY)
Midway creditors sue Redstone and board members
Midway creditors sue Redstone and board members
Gamesindustry - May 13, 2009
Submitted by mrahaju (9) at 6:42AM PST on May 13, 2009
Creditors of troubled publisher Midway Games are suing Sumner and Shari Redstone, holding company National Amusements and investor Mark Thomas, for the sale of the company last November for USD 100,000.
Creditors claim that the sale of the company to Thomas generated over USD 700 million in tax losses for Redstone, "which enabled them to obtain a massive tax refund" to the detriment of Midway.
Discussion - Submit a comment
About Us - The simExchange is the video game stock market and the source
for video game sales forecasts.
7