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Tabula Rasa : Richard Garriott Awarded $28 Million

Posted Jul 30, 2010 by Suzie Ford

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.

Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom
 
 
 
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