A naukri.com initiative
Pcgamer
1M
256
Image Credit: Pcgamer
Possibility Space owners sue NetEase for $900 million over allegations it spread 'false and defamatory rumors' of fraud at the studio that ultimately forced it to close
- The owners of Possibility Space, Jeff and Annie Strain, are suing NetEase for $900 million over allegations of spreading false and defamatory rumors about their studio, Crop Circle Games.
- The lawsuit claims that NetEase aimed to silence concerns about its compliance with US laws on foreign investment and caused significant financial damage.
- NetEase denies the allegations, stating that the claims are without merit and that they will vigorously defend themselves.
- Possibility Space was abruptly closed in April 2024 after Kotaku journalist Ethan Gach contacted Jeff Strain with questions about Crop Circle Games.
- Allegations suggest NetEase leaked confidential information, leading to the cancellation of projects and the closure of multiple Prytania Media studios.
- The lawsuit accuses NetEase of spreading defamatory rumors that damaged the Strains' reputation and caused financial setbacks for their ventures.
- NetEase's reluctance to comply with US regulations on foreign investment and alleged attempts to evade scrutiny are highlighted in the lawsuit.
- The suit claims that NetEase employees were actively trying to emigrate from China, complicating their compliance with US regulations.
- Jeff Strain became aware of the fraud allegations at Crop Circle Games in 2024, with NetEase employee Han Chenglin acknowledging the company as the source of the rumors.
- The closure of Prytania's studios and the subsequent lack of funding are attributed to the spread of rumors and the withdrawal of investors, according to the lawsuit.
Read Full Article
15 Likes
For uninterrupted reading, download the app