Summary
SEOUL, Korea (HedgeWorld.com) - Gravity Co. Ltd., a designer of web-based video games, faces two distinct rebellions from investors.
On the one hand, hedge funds Moon Capital Management LP and Ramius Capital Group LLC - both headquartered in New York - filed a lawsuit in South Korea on June 1 demanding the opportunity to inspect Gravity's financial documents. This demand arose out of a dispute over the licensing of a popular comic-book-based game, Ragnorak Online.See the full content of this document
Extract
Gravity Falls On News of Lawsuit
Taizo Son and Softbank Corp. jointly own a majority interest in Gravity Co., while Taizo Son's brother, Masayo...
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