Posted by Travis Bruno on Jul 19, 2012

THQ stockholders begin suing THQ over uDraw fiasco

Like vultures circling a dying man in a desert, it seems that anyone with money attached to THQ is going to try and get whatever they can out of the languishing video game publisher. THQ shareholders have filed a lawsuit against the company after an investigation into whether or not THQ misled their investors about the state of the uDraw tablet.

The lawsuit has been filed in the United States District Court for the Central District of California by New York law firm Levi & Korsinsky on behalf of THQ shareholders and the lawsuit states that THQ “misrepresented or failed to disclose” that the PS3 and 360 versions of the uDraw game were not selling. It seems that every time THQ appears to begin catching a break, another heavy blow is dealt against the company. At the moment this lawsuit has not cost THQ anything, though whether or not that will be the case in the next few months can be anyone’s guess.

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