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CDV Software Drops All Legal Claims Against SouthPeak Interactive

by Rainier on Nov. 9, 2010 @ 8:38 a.m. PST

SouthPeak Interactive announced that CDV Software has waived all disputed claims against SouthPeak and its subsidiaries., alleviating SouthPeak of all alleged financial obligation to CDV.

Melanie Mroz, President and CEO of SouthPeak Interactive, commented, “We are pleased to have resolved our dispute with CDV. This resolution, and the closure of the case by the courts, puts an end to the misleading and inaccurate information circulating in the public regarding these matters, and allows us to re-direct attention toward driving the continued growth of the Company. We have an exciting slate of releases scheduled for the remainder of calendar 2010 and 2011, including new titles and sequels to popular franchises, and with these matters behind us, we are able to focus more intently on bringing these games to market and on achieving our strategic and operational objectives.”

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