![]() In a communication disseminated by Gala Games’ General Counsel, Blake Walker, the firm reaffirmed its “steadfast dedication to openness and responsibility” amid the ongoing legal matters. The ongoing litigation has raised questions and concerns within the Gala community. As reported by Blockchain.News, Gala Games co-founders Eric Schiermeyer and Wright Thurston are embroiled in mutual lawsuits, with Schiermeyer accusing Thurston of misappropriating $130 million in GALA tokens, while Thurston faces a separate lawsuit from the SEC for alleged fraudulent activities.Ī derivative shareholder lawsuit is a legal action initiated by a shareholder on behalf of a corporation to redress perceived wrongs against the company. The lawsuit was filed on August 31, 2023, and was followed by a counter lawsuit from Wright Thurston against Eric Schiermeyer. Gala Games pledges transparency and accountability to its community throughout the legal process.Įric Schiermeyer, co-founder and CEO of Blockchain Game Partners, Inc., commonly known as Gala Games, Gala Music, and Gala Film, has filed a derivative shareholder lawsuit against fellow co-founder Wright Thurston and True North United Investments, LLC. The company emphasizes that the legal disputes are primarily between the founders and do not involve the company in a substantive way. ![]() Wright Thurston countersues Eric Schiermeyer. Gala Games co-founder and CEO, Eric Schiermeyer, files a derivative shareholder lawsuit against co-founder Wright Thurston and True North United Investments, LLC. Can I trade with multiple prop firms simultaneously?.What are the benefits of trading with a prop firm?.What are the different types of options?.What are the risks associated with stocks trading?. ![]()
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