- Joined
- May 11, 2001
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An article (Japanese) - here's a translation (not done by me though):
SNK sued Aruze - Aruze announced that Osaka district court had declared SNK's bankruptcy on Oct 30. SNK was called a decision of court protection in this April, although it couldn't file recovery plans by the appointed day and the district court determined to terminate the protection.
Aruze also got filed a stockholders' representative suit to pay 27,500,000,000 yen (229,170,000 USD) with SNK up front jointly by SNK stock holders. They insist the allocation to third party, which SNK carried out to Aruze was unjustified modest price, consequently it caused losses to SNK.
[ November 02, 2001: Message edited by: Kazuya_UK ]
SNK sued Aruze - Aruze announced that Osaka district court had declared SNK's bankruptcy on Oct 30. SNK was called a decision of court protection in this April, although it couldn't file recovery plans by the appointed day and the district court determined to terminate the protection.
Aruze also got filed a stockholders' representative suit to pay 27,500,000,000 yen (229,170,000 USD) with SNK up front jointly by SNK stock holders. They insist the allocation to third party, which SNK carried out to Aruze was unjustified modest price, consequently it caused losses to SNK.
[ November 02, 2001: Message edited by: Kazuya_UK ]