Network Sites: FPSguru.com RTSguru.com UnboundGamer.com
Login:  Password:   Remember?  
Show Quick Gamelist Jump to Random Game
Games:608  Guilds:3,081
Members:1,598,324  Online:0
Guests:0  Posts:4,851,970
Destination Games
MMORPG | Genre:Sci-Fi | Status:Cancelled  (est.rel 11/02/07)  | Pub:NCSoft
PVP:Yes | Distribution:Retail | Retail Price:n/a | Pay Type:Subscription
Desktop Client | System Req: PC | ESRB:TOut of date info? Let us know!

Tabula Rasa News - Richard Garriott Awarded $28 Million

Posted by Suzie Ford on Jul 30, 2010  | 114 comments in our forums

The lawsuit between publisher NCSoft and Richard "Lord British" Garriott has finally been settled. Garriott has been awarded $28 million by a Texas jury. The suit came about after Garriott, according to NCSoft, left the company amicably in 2008. Garriott has always contended that he was fired and forced to sell his 400,000 shares of stock quickly resulting in a profit loss.

NCsoft's action, Garriott claimed, cost him millions of dollars because he was forced to quickly sell his options for more than 400,000 shares of the company's stock while the stock market was severely depressed. Under Garriott's agreement with NCsoft, he would have had up to 10 years to exercise the options if he were to be fired.

The jury agreed though they did not award Garriott the $47 million he wanted from his former employers.

Read the entire article in the Austin (TX) Statesman.

Via GamesIndustry.biz.

Read more Exclusive News...

 
 
 
Leave this field empty
Post Your Comment:
Popular Features:
Warhammer Online: Wrath of Heroes : Amenadresh Returns! Interview added on Friday May 25
Warhammer: Wrath of Heroes has been steadily gaining momentum over the past several months. We... Read More
Rift : Conquest - Open World, Three Faction PvP Interview added on Thursday May 24
Trion Worlds and the Rift team introduced a brand new way of playing the game... Read More
The Secret World : Hell Hurts Preview added on Thursday May 24
One of the most anticipated features in Funcom's The Secret World is running through dungeons... Read More
The List : 5 Ways MMOs Will Survive Column added on Monday May 28
MMOs these days are having a hard time...some of them anyway. Studios are closing. Developers... Read More
Diablo 3 : Review-in-Progress Part Two General Article added on Friday May 25
After 12 years was Diablo III worth it? That's far too loaded a question to... Read More
Latest News:
Tabula Rasa : New Film Bio of Richard Garriott Released Reported on Feb 01, 2012
A new film biography centered around Richard "Lord British" Garriott has been released. The film... Read More
Tabula Rasa : The Quiz: The Garriott Assessment Reported on Dec 01, 2010
MMORPG.com's Drew Wood is feeling a bit nostalgic today about the demise of Tabula Rasa,... Read More
Tabula Rasa : Richard Garriott Awarded $28 Million Reported on Jul 30, 2010
The lawsuit between publisher NCSoft and Richard "Lord British" Garriott has finally been settled. Garriott... Read More
Tabula Rasa : New Mechs Added in Deployment 16 Reported on Jan 29, 2009
NCsoft has posted the patch notes for Deployment 16, which adds a number of new... Read More
Tabula Rasa : New Content Added Reported on Jan 12, 2009
The folks at Tabula Rasa have announced that they have added new content to the... Read More