Four-Year-Old ArcheAge Class Action Suit Nears Its End As Both Parties Agree To A Settlement Agreement
ArcheAge, it’s taken nearly four years for both parties to finally decide that the lawsuit has dragged on long enough.
Back in 2015, Gamigo and Golden Gate Games, one of Gamigo’s subsidiaries, with the dissolved company’s assets further complicating matters.
MMOFallout now reports that a settlement agreement is currently in the works. The specifics of the settlement have yet to be disclosed but the filing notes show that Trion Worlds’ insurance company Navigators Insurance will be handling the settlement thereby absolving Trion Worlds from any liability related to the lawsuit.
“Plaintiffs and Navigators Insurance Company, the insurer for the officers and directors of Defendant Trion Worlds, Inc., have reached an agreement in principle to settle this case on class wide basis. The proposed settlement will provide for notice to the class of the proposed settlement, payments to of the proposed settlement class who file claims, and will release Defendant Trion Worlds, Inc. from liability for the claims asserted in this action. The parties are working to document all of the of the settlement.”