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Infinium Finds Itself In, Out Of Court Again
Dachannien writes "Adrenaline Vault reports that Infinium Labs is being sued by Terry Nagy for fraud and breach of contract. Infinium used his reputation and expertise in the gaming industry to generate attention for Infinium's Phantom Game Console (and $15M in venture capital), promising him payment in stock. Nagy claims that when Infinium was later bought by a shell company and went public, he had received nothing while Timothy Roberts and Robert Shambro (also named in the suit) got millions of shares of stock." However, GamePro is now reporting the lawsuit is being settled out of court, and that "both parties are working together to resolve the claims."
I guess this just goes to show *again* the kind of folks behind Infinium labs...
I can't believe they are even still around, with all the negative press they get, just give up and go home!
Of course, I guess if you're raking in millions of dollars and have no scruples, keep it up...
~.Evanrude
If you look on www.phantom.net they say that their online store will be open on the 31st of March, but there's not a single spot on the site where you can actually click through to an order page. C'mon, even my grandparents could spot this company's worth and they don't have two clues about this industry. If you're dumb enough to give these guys money, consider that your fine for being stupid.
Click on it, and the result is a 404 Not Found error.
Did they know I was going to go there to talk trash about the Phantom console? And why would they choose to open the site with a sound clip of someone saying "Warning?" Who are they warning against what?