Funcom: We Are Cooperating with Authorities in Insider Trading Investigation

January 31, 2014 - GamePolitics Staff

Erling Ellingsen, Funcom's director of communications, tells MMORPG.com that his company is cooperating with Norwegian authorities who are conducting an investigation into allegations that executives at the MMO developer engaged in insider trading.

"The company received a visit from Økokrim (the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime) who is conducting an investigation on the suspicion of infringement of the provisions of the Securities Trading Act with regards to financial information given to the market surrounding the launch of The Secret World," he told MMORPG.com. "Funcom is of course fully cooperating with Økokrim and the company is providing them with all necessary information to make sure the situation can be clarified and resolved as soon as possible."

Ellingsen also said that work continues on all of its games including The Secret World, its long running Anarchy Online game, Age of Conan, and its upcoming Lego Minifigures game. He also noted that Funcom's stock has resumed trading on the Oslo Stock Exchange after being suspended for one day earlier this week.

"Production on all Funcom games continues as normal," he said. "The company remains fully committed to games in development as well as the continued operation and updating of existing live games. Yesterday's events is not expected to have any impact on the company's continued operation or the development on future releases."

Source: MMORPG.com


 
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