What to know about the settlement to settle charges over NFL video game
Amecorp trading halted on Feb. 26, 2019, after the company settled a lawsuit filed by a local TV station and the city of Dallas.
The settlement allows the company to resume its trading and stock offering, the company said in a statement.
“We have been working diligently with our investors to develop a strategy that will allow us to continue to provide a premium gaming experience to our loyal customers and advertisers while maintaining the quality of our entertainment,” Amecorps CEO Brian Loughlin said in the statement.
The company had also said it had hired outside attorneys to handle litigation.
The suit was filed by Dallas TV station KERA.
The station had sued Amecore and its parent company, CBS Interactive, in federal court for allegedly stealing trade secrets and other proprietary information from the game and the TV station.
CBS Interactive has denied any wrongdoing and has said it was unaware of the settlement.
A statement released by CBS Interactive said that it “is pleased that the parties have reached a resolution and looks forward to moving forward with CBS Interactive and the rest of its teams on their upcoming endeavors.”
CBS Interactive was also the victim of a massive cyberattack that damaged more than 700 million computers, according to the Los Angeles Times.
CBS Networks said it would stop streaming games through its subscription service in 2019.
The NFL and the Dallas Cowboys have not commented on the settlement in a news release.