According to SouthPeak's official filing with the SEC on May 15, 2009, CDV Software Entertainment filed a complaint vs SouthPeak Interactive Ltd. alleging various breach of contract and other claims related to a publishing and distribution agreement. Gamecock Media Europe, Ltd., the UK entity of Gamecock purchased by SouthPeak last November, was also named. The official complaint:
An excerpt of the official SEC filing is below:
CDV is seeking the return of $4,590,000 in videogame development advances, an injunction against SouthPeak and its subsidiaries, €362,508, and £95,228 in specified damages, further damages to be assessed, and discretionary interests and costs.
Gamecock Media Europe, Ltd (owned by SouthPeak Interactive), filed a smaller counterclaim against CDV in defense.
According to news in the UK, some former US Gamecock employees who were dissolved in the SouthPeak purchase have gone across the pond to testify. A verdict is not expected until later in the year. We'll keep you posted.
An excerpt of the official SEC filing is below:
