Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, June 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

Christian Games Penalty

The Ninth Circuit upheld a federal court's order that a Christian video game publisher disgorge $3.2 million and pay a $150,000 fine, finding the amount was not an unreasonable estimation of the profits the publisher received from kickbacks on unregistered shares it sold.

SAN FRANCISCO (CN) -- The Ninth Circuit on Wednesday upheld a federal court's order that a Christian video game publisher disgorge $3.2 million and pay a $150,000 fine, finding the amount was not an unreasonable estimation of the profits the publisher received from kickbacks on unregistered shares it sold.

Categories / Appeals, Law, Media, Securities, Technology

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...