Article written by Aran Suddi.
Published on 21/09/2011 at 07:00 PM.
Harmonix’s former parent company, Viacom, is suing to the tune of $131 million.
Viacom filed a lawsuit on Friday, believing it overpaid shareholders of Harmonix. The initial payment was $150 million, made in 2007, and based on performance calculations that Viacom believe were calculated incorrectly. Viacom states that the actual payment to shareholders should not have exceeded $18 million.
However, Harmonix’s shareholders claim that Viacom underpaid and had edited budgets. The shareholders filed their own lawsuit last year to get the sum which they believed were owned.
Viacom sold Harmonix earlier in the year for the tiny sum of $50.