Infinium Finds Itself In, Out Of Court Again

Posted by CowboyNeal on Wednesday April 14, 2004 @04:02PM from the proving-hardocp-right dept.

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."

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Interesting thing about the website. by Beeswarm · 2004-04-14 17:37 · Score: 5, Interesting

If you go to the phantom.net website, there's a link on the left that says Join the Phantom Forum Community!
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?