A huge story broke earlier today when multiple sources began reporting of a then-current "raid" on the Funcom offices in Oslo, Norway. Reportedly, charges have been filed against the company for stock irregularities. The charges are serious enough that Funcom's stock has been removed from the Norwegian exchange pending the outcome of the investigation. Reports further indicate that Funcom is actively and cooperatively working with authorities to secure the needed documentation.
The official statement from the Norwegian Stock Exchange is as follows:
Økokrim (the Norwegian National authority for Investigation and Prosecution of Economic and Environmental Crime) has charged Funcom N.V. based on suspicion of infringement of the provisions of the Securities Trading Act with regards to the financial information given to the market regarding The Secret World from August 2011 until the launch of the game in July 2012 and the two months following the launch. In the view of Økokrim, there also exists a probability that the company has not maintained the required log of information within the company during that time.
The Company is fully cooperating with Økokrim.
Badhoevedorp, The Netherlands, 29 January 2014 Funcom N.V.
This information is subject to the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)
At this point, the investigation seems to be focused on the lack of stock documentation provided by Funcom to the Norwegian Stock Exchange since Q3 2013. The story is developing, something that we will be keeping a close eye on over the coming days.
What must be kept in mind is that, at this point, there is no evidence that Anarchy Online, Age of Conan or The Secret World will be impacted in any way. Barring catastrophic findings by the authorities, there should be no cessation in game continuity.
Secondarily, and as is often so in cases like this, there seems to be an element that takes some sort of pleasure at the plight of Funcom. What can be forgotten in the headlines of the day is that these are currently allegations, not proven fact. That Funcom is fully cooperating with authorities speaks well for them.
As the story unfolds, it is worth remembering those who count on Funcom for employment and hope that all works out to keep the company viable and productive for years to come.