Motorsport Games Employees Won Lawsuit

Motorsport Games Employees Won Lawsuit

Drama Business

29 August 2023 09:14

Motorsport Games faced with several unpaid wages lawsuits from employees. The new reports state that two of the former employees won their lawsuit against the company. The company recently reported $8.2m loss and stated "Based on this cash and cash equivalents position, and the company's average cash burn, the company does not believe it has sufficient cash on hand to fund its operations for the remainder of the fiscal year 2023, and that additional funding will be required in order to continue operations."

Tags: Motorsport Games

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Motorsport Games Employees Won Lawsuit

Drama Business

29 August 2023 09:14

Tags: Motorsport Games

Motorsport Games faced with several unpaid wages lawsuits from employees. The new reports state that two of the former employees won their lawsuit against the company. The company recently reported $8.2m loss and stated "Based on this cash and cash equivalents position, and the company's average cash burn, the company does not believe it has sufficient cash on hand to fund its operations for the remainder of the fiscal year 2023, and that additional funding will be required in order to continue operations."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Motorsport Games Receives $2.5m Investment

Motorsport Games has announced a strategic investment worth $2.5 million (~£1.8 million), led by Delaware-based virtual reality (VR) technology...

Investments

Apr 16, 2025

Motorsport Games to Shut Down NASCAR Games

Motorsport Games has confirmed that, following the transfer of its NASCAR gaming license to iRacing, it will be pulling...

Business

Dec 03, 2024

Motorsport Games to Lay off Staff

Motorsport Games, the developer behind Nascar Rivals, recently initiated a round of layoffs, resulting in the reduction of around...

Business

Nov 06, 2023

Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025