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Posts tagged southpeak

TimeGate loses SouthPeak appeal, faces $7.3M in damages

TimeGate Studios lost the latest round in court of its battle against publisher SouthPeak Interactive, which could result in the studio paying $7.35 million in damages and losing the Section 8 intellectual property. Polygon obtained the court documents that SouthPeak recently won its appeal of...

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Timegate wins arbitration dispute against SouthPeak

Texas district Judge Keith Ellison has invalided an arbitrator's ruling that ordered Section 8 developer Timegate to repay the game's publisher, SouthPeak, $7.3 million in allegedly misused development funds. The ruling also rewrote Timegate's publishing contract with SouthPeak, granting SouthPeak...

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SouthPeak delists itself from the New York Stock Exchange [update]

Update: We got in touch with a SouthPeak representative, who told us that the company was never "properly listed" on the NYSE to begin with. SouthPeak was "an 'over the counter' type stock that was never properly listed and therefore can't be delisted." So SouthPeak shares were traded between two...

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SouthPeak settles in SEC violation dispute

Two Worlds publisher SouthPeak Interactive ended up in some hot water with the U.S. Securities and Exchange Commission last November, when the government agency announced it would bring a civil injunction against the publisher's chairman, Terry Phillips. The reason for the SEC suit was...

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Stronghold 3 delayed until late summer

Firefly Studios, the team behind Stronghold 3, has learned some important lessons in all its years of simulated castle building. For one, constructing spiral staircases counter-clockwise makes them easier to defend against right-handed swordsmen. But more practically, Firefly has learned that...

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SouthPeak posts $2.1 million quarterly loss, future uncertain

Despite reclaiming rights to the My Baby franchise last year, SouthPeak continued to decline into potential insolvency during the second quarter (ending December 31, 2010) of its current fiscal year. Net revenue for the quarter was just $7.5 million, down $2.6 million from the same period the year...

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Two Worlds 2 marked down to $40 at Kmart, buyers get hammered

If you're looking to try out the sure lock for 2011's "Most Improved Game of the Year" award recipient, Two Worlds 2, Kmart's making a pretty compelling case for your dollars. The retailer has the game for $40 this week, which will also net you a download voucher for the powerful "BattleHammer of...

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Two Worlds 2 review: One world of difference

"Uh, hello, Two Worlds 2 is it? Please, come in, have a seat." "Oh, thank you so much, and please, call me Tee Dub, all my friends do. I can't tell you what an honor this is to even be considered for a Joystiq score, especially considering what an unmitigated disaster my predecessor was." ...

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SouthPeak claims creditors used press to 'paint a negative picture' of the company

Throughout 2009 and 2010, SouthPeak's legal struggles made headlines. From the sweeping claims of unpaid work following the buyout of Gamecock Media Group to the lawsuits brought on by various companies that had done business with SouthPeak, a less than favorable image of the Texas-based game...

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Two Worlds 2 coming to America Jan. 25, has sold a million in Europe

TopWare and SouthPeak's double-delayed RPG, Two Worlds 2, has finally received a North American release date of January 25, 2011. Later that week, the game will arrive in the U.K. and Ireland, where Topware will take over as sole distributor, allowing SouthPeak to focus on promoting the game in...

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