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Richard Garriot becomes $32 million dollars richer from NCSoft

Posted Oct 27, 2011 at 9:30AM EST by Harrison E

Listed in: News Tags: NCsoft, richard garriot, tabula rasa
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For those of you out there who are MMO fans, you may know the name Richard Garriot, the rest of you may not. Tabula Rasa, a fairly interesting sci-fi MMORPG, created by Garriot was created a year or two ago by Garriot and the team at NCSoft. Garriot “left the project” to work on other things and before he knew it the developers cut the service which didn't really sell all to well. However in May 09, Garriot sued NCSoft claiming he was removed from his game rather than leaving.

 

The publisher was sued even harder when Garriot made a financial claim and upped the claims saying he was deprived of any profits on his stock options which he kept after leaving NCSoft. Garriot was awarded 28 million and NCSoft appealed the ruling but the three-judge panel held up the ruling and tacked on interest and attorney fees to compensate Garriot even more pushing that 28 to 32 million.

"NCSoft schemed to avoid its obligations to [Garriott] at the trial court and on appeal, and neither the jury nor the 5th Circuit bought any of it," Garriott's lead counsel Stephen E. Fox said. "Contracts have consequences, and as the Court of Appeals explained, the trial court is not a trial run."

 

I have no real opinion on this case as I'm not a fan of MMO's, Garriot or any legal discourse which one day may or may not screw me if I ever make anything worthwhile. For now, I just don't want to get sued for slander. Garriot is leading his own social game movement that specializes in card games...I like card games, please don't sue.

 



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Comments 


 
# RE: Richard Garriot becomes $32 million dollars richer from NCSoftAequitas 2011-10-28 21:04
Sued even harder? WTF?

.......Just when I thought it couldn't get any worse

Reply
 

 
# RE: Richard Garriot becomes $32 million dollars richer from NCSoftalianaL 2011-11-02 03:32
I've read few articles about this topic, please allow me share some here. The after-tax revenue of the country's wealthiest 1 percent tripled between the years 1979 and 2007. A brand new report from the Congressional Budget Office presented the results. The incomes of Americans in other tax brackets rose at a much slower rate. The report likely will give fuel to the Occupy Wall Street movement as well as the national debt-reduction debate. Article resource: After tax income for wealthiest one percent has tripled since 1979. Well this is how I see it in my own opinion.That 1% of us own 40% of our country's great wealth, leaving the 99% to live on the 60% that remains, overlooks the even worse disparity : only 20% of us hold fully 80% of our country's wealth, leaving 8 out of 10 American living amidst the 1 out of 5 dollars that remain to them, just saying.

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