May 06, 2009, 06:22 PM // 18:22
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#41
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Lion's Arch Merchant
Join Date: Oct 2006
Guild: Clan Roxor
Profession: W/E
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Lol his game sucked and noone bought it and now its ncsoft's fault
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May 06, 2009, 06:54 PM // 18:54
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#42
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Desert Nomad
Join Date: Apr 2006
Location: Scotland
Profession: W/N
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Wow, NCSoft sure did some naughtyness there...
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May 06, 2009, 07:05 PM // 19:05
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#43
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Wilds Pathfinder
Join Date: Aug 2007
Location: SATown~Tx
Guild: Guild Hopper!
Profession: R/
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Quote:
Originally Posted by Karate Jesus
Lol, better yet he's suing in the Texas Western District Court. I'm from San Antonio, which is in that court district. He wont get a dime. Lol.
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i thought it was in austin, i live in SA as well lol
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May 06, 2009, 07:40 PM // 19:40
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#44
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Forge Runner
Join Date: Apr 2008
Location: Texas
Guild: Reign of Judgment [RoJ]
Profession: Me/
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Quote:
Originally Posted by majikmajikmajik
i thought it was in austin, i live in SA as well lol
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It is in Austin. The court district just covers us (which is what I said).
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May 06, 2009, 07:42 PM // 19:42
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#45
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Imma Firin Mah Rojway!
Join Date: Aug 2008
Location: At the Mac Store laughing at people that walk out with anything.
Profession: E/Mo
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...Why are people retarded? Damn, money corrupts anyone.
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May 06, 2009, 08:09 PM // 20:09
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#46
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Krytan Explorer
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From a legal perspective, the alternative fraud claims are actually kind of interesting.
(For anyone who read the complaint and didn't notice, Claim #2 and Claim #3 rely on mutually exclusive facts. It almost puts NCsoft into a damned-if-you-did and damned-if-you-didn't situation, but there is still a fairly obvious out for them.)
I'd love to say more, but I'm a RL lawyer, so I won't.
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May 06, 2009, 08:10 PM // 20:10
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#47
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Furnace Stoker
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Quote:
Originally Posted by Karate Jesus
Regardless of what the "company painted it as", he had 90 days upon termination to retain his stock options and it appears that he forgot that.
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He did not forget about the 90 days, he did exercise them within the 90 days period:
Quote:
As a result, according to the filing, Garriott exercised the options within the 90 day window, "[forcing] him to sell into one of the worst equity markets in modern history." The complaint said the move caused Garriott to take on "hundreds of thousands of dollars" in costs and taxes, as well as lose "millions of dollars in value" having lost two-and-a-half years of his options period.
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I think the main debate would center around him approving that "fake" letter to fans, saying that he has voluntarily left the company. If he was not leaving voluntarily, why would he approve that letter in the first place?
Quote:
NCsoft had subsequently issued what was portrayed to the public as an "open letter" written by Garriott to his fans on the Internet, a letter that claimed Garriott was leaving to pursue "new interests" following his space flight, the suit said. The filing stated that Garriott approved the letter, but in hindsight, the plaintiff suspects that NCsoft was setting up a means to show that Garriott's departure was voluntary.
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That part can make it difficult for Garriott in court.
My speculation? Chung probably convinced Garriott to leave voluntarily as his future in the company was over after the failure of Tabula Rasa. Garriott left but had a change of heart after realizing his stock options issue.
Last edited by Daesu; May 06, 2009 at 08:16 PM // 20:16..
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May 06, 2009, 08:16 PM // 20:16
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#48
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Forge Runner
Join Date: Aug 2007
Location: WHERE DO YOU THINK
Profession: W/
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Errrr what exactly is he suing over?
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May 06, 2009, 08:50 PM // 20:50
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#49
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Wilds Pathfinder
Join Date: Aug 2006
Location: California
Guild: Swords of Night & Day [SWRD]
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I don’t know I think Garriot is probably going to end up losing the case in some way. There is a good possibility he won’t see most of that money returned back; especially since he is having it tried here in the states.
I’m sorry but Mr. Garriot is becoming the extreme egotistical version of what Peter Molyneux has been for some time. I remember when some of these people used to have some sort of humility about their own products. Now they simply ride on their own “great past” to get them by. I still recall what Garriot stated about Guild Wars being a “failed business model venture,” during Tabula Rasa’s development. Ever since then my respect for the man has dwindled away.
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May 06, 2009, 09:11 PM // 21:11
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#50
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Wilds Pathfinder
Join Date: Jun 2005
Location: Europa
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He wants a longer period for exercising his stock options, because NCSoft might recover from the financial disaster he caused?
btw. what happened to his former boss?
..his brother Robert
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May 06, 2009, 09:48 PM // 21:48
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#51
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Debbie Downer
Join Date: May 2006
Profession: N/Me
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Quote:
Originally Posted by Zodiac Meteor
...Why are people retarded? Damn, money corrupts anyone.
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How does "retarded" correlate with "corruption?"
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May 06, 2009, 10:04 PM // 22:04
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#52
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Frost Gate Guardian
Join Date: Oct 2006
Guild: Rebel Rising [rawr]
Profession: A/E
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It's a shame they cant counter sue him for doing a crappy job. Tanking millions and mismanging funds for his own persuits sure lost ncsoft a lot of money.
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May 06, 2009, 10:17 PM // 22:17
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#53
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...is in denial
Join Date: Sep 2006
Location: Hyperion
Guild: starcraft 2
Profession: P/Me
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Quote:
Originally Posted by Nereida Shoal
Give him unded Kanaxai, that will shut him up
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lol i'd settle for that
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May 06, 2009, 10:43 PM // 22:43
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#54
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Wilds Pathfinder
Join Date: Jan 2006
Location: Elona
Guild: Clan Eternal Legion
Profession: D/W
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NcSoft wanted him out in the worst way because he cost the company millions so I wouldn't be suprised if they fudged some wording just so they get him out asap. Though I find it quite interesting that it was ok when Richard Garriot announced he was going into space, NcSoft used his trip as marketing for Tabula Rasa. Operation Immortality I believed it was called. Either way, I wouldn't trust either of them. Arenanet needs to be smart and part ways with NcSoft. First Worlds.com and now Garriot. Sounds like some shady dealings to me.
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May 06, 2009, 10:49 PM // 22:49
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#55
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Desert Nomad
Join Date: Jul 2008
Profession: A/W
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Quote:
Originally Posted by Nereida Shoal
Give him unded Kanaxai, that will shut him up
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lol yeah i bet it would
This reminds of that lame story where that laundry mat washed the man's underwear and tried to sue for $65 million. Lol, he lost terribly and now is the biggest douchebag and he lost a lot of money as well.
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May 06, 2009, 10:52 PM // 22:52
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#56
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Furnace Stoker
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Quote:
Originally Posted by Buster
NcSoft wanted him out in the worst way because he cost the company millions so I wouldn't be suprised if they fudged some wording just so they get him out asap. Though I find it quite interesting that it was ok when Richard Garriot announced he was going into space, NcSoft used his trip as marketing for Tabula Rasa. Operation Immortality I believed it was called. Either way, I wouldn't trust either of them. Arenanet needs to be smart and part ways with NcSoft. First Worlds.com and now Garriot. Sounds like some shady dealings to me.
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And he was probably highly paid too since he is such a big name. A highly paid exec that has been a disappointment to the company would be someone that the company may want to get rid of fast.
If he had stayed, he may have to sacrifice his dignity. If not, then he would have to sacrifice his stock options. Either way, was bad so perhaps he choose the lawsuit.
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May 06, 2009, 10:52 PM // 22:52
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#57
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Academy Page
Join Date: Jun 2007
Location: BC, eh
Guild: Liars Cheats and thieves [liar]
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Quote:
Errrr what exactly is he suing over?
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RA syncing I think.
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May 06, 2009, 11:57 PM // 23:57
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#58
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Krytan Explorer
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The issue with Garriott and NCSoft is not the question here , no matters who is the lossing party. What matters to me is , how this will impact to ANET , Guild wars and Guild wars 2 release.
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May 07, 2009, 02:40 AM // 02:40
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#60
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Site Contributor
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Yeah, but unfortunately all the commentary and opinion in the world mean nothing. It's all about the judge and the lawyers at that time and we've all seen some really crappy lawsuits proceed that never should have, suits that have been dismissed that had a valid argument and even the best experts/judges/lawyers act as dumb as the rest of us.
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