Gala Games co-founders and directors Eric Schiermeyer and Wright Thurston have sued one another with Thurston alleged to have stolen millions worth of tokens and Schiermeyer alleged to have wasted millions in corporate assets.
Highlighted excerpt from Thurston’s suit against Schiermeyer claiming the latter used Gala’s assets for personal gain. Source: PACER
Schiermeyer also allegedly created Gala entities in Switzerland and Dubai and made himself the controlling shareholder to pursue business opportunities, according to the lawsuit. True North claims Schiermeyer operated Gala without input from Thurston — a Gala director — and gave incomplete or incorrect information and corporate records to Thurston “despite repeated requests.”Schiermeyer’s suit requested Thurston be removed as a Gala director and seeks various relief and damages payments including the return of the allegedly stolen GALA.
Thurston similarly requested that Schiermeyer be removed from Gala and sought at least $750 million in various damages and relief. In March, the United States Securities and Exchange Commission sued Thurston, True North and another company he founded called Green UnitedLawyers for Schiermeyer and Thurston were contacted for comment but did not immediately respond.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gala Games CEO sues co-founder alleging $130 million theft, pattern of deceptionThe co-founder filed his own lawsuit in response, alleging the CEO used the company to enrich himself, including a corporate jet.
Read more »
Katie Thurston Shoots Down Fan Theory Over Her Bachelor In Paradise Season 9 ReturnKatie Thurston teases Bachelor In Paradise.
Read more »
2023 NFL Opening Weekend: Sunday Football Schedule & How to Stream Games Live on Sling TVNFL Sunday football kicks off Sept. 10 with 14 games across three networks. Here’s how you can stream all the must-watch football games on Sling TV.
Read more »
Rewinding Football High Live: Updates, scores from Friday's HS gamesCheck back throughout the night for updated scores and highlights from around the state.
Read more »
Daily News football wrap-up: Stories, scores and photos from Friday’s Week 2 gamesAll of the Daily News’ game stories, local scores and photos from the high school football games this week.
Read more »
Photos: Friday night’s top Week 2 high school football gamesTake a look at SCNG’s images of the exciting action and fun moments from the high school football games Friday, Sept. 1.
Read more »