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The Secret World : Funcom Under Investigation for Stock Irregularities

Posted Jan 29, 2014 by Suzie Ford

According to multiple sources, including Norwegian government sources, the Oslo offices of Funcom, developers of Age of Conan and The Secret World, are currently being raided by local police as part of an investigation into possible stock market irregularities during, or slightly before, the launch of The Secret World in the summer of 2012.

UPDATE: News.Web has confirmed that Funcom is under investigation and that charges have been filed:

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)

We have reached out to Funcom for comment and will keep you posted as this story develops.

Via vg247.com

 
 
 
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