Hello???? Anybody out there?
I found this piece of info regarding the Acclaim lawsuit in SBYT
Edgar filing. Here it is:
LITIGATION. On July 9, 1996, a lawsuit entitled Acclaim Entertainment, Inc.
v. Spectrum HoloByte California, Inc., No. 96-2462 WHO, was filed in the United
Stated District Court for the Northern District of California, but not served
upon the Company or its subsidiary, Microprose Software, which is also named as
a defendant. The Complaint alleges various causes of action related to an
exclusive license Acclaim Entertainment, Inc. ("Acclaim") allegedly holds from
Wizards of the Coast, Inc. ("WOTC"), to develop certain computer game products.
Acclaim alleges that its license is being infringed by a computer game being
developed by the Company. The Company also holds an exclusive license from WOTC,
and believes that all of its computer game development, which has been disclosed
to the licensor, has been within the scope of its license. The Company is
hopeful that this matter will be resolved without the serving of the Complaint;
however, should the Complaint be served, the Company intends to deny all
liability, and to vigorously defend against the lawsuit. However, in the event
the Company should not prevail in the lawsuit filed by Acclaim, the Company may
not be able to ship or sell certain of its products and may be required to pay
damages to Acclaim, both of which would have a material adverse effect on the
business, operating results and financial condition of the Company.
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