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TimeGate wins Section 8 dispute

TimeGate wins Section 8 dispute

Thanks to the ruling of a Texas district court judge, Section 8 developer TimeGate Studios won't be forced to pay millions in allegedly misused development funds to publisher SouthPeak, nor will SouthPeak retain a permanent license for the Section 8 IP and its sequels. The dispute originated way back in 2009, when Timegate sued SouthPeak for allegedly embezzling royalties by altering revenue reports. At the time, SouthPeak counter-sued, claiming that $7.5M in funding had been "misused" by the developer, in addition to $2.5M in development costs TimeGate failed to provide.

Read more: TimeGate retains permanent license»

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