The Secret World devs Update - MMOGames.com - Your source for MMOs & MMORPGs

Funcom Offices Raided by Police

Update January 31st:

Director of Communications Erling Ellingsen has given an update to Massively and Eurogamer on the current situation at Funcom. Though work was stopped for the day when the Økokrim came to the Oslo office everything is now back to normal and production on all of Funcom’s games will continue on as normal. Funcom is cooperating fully with the Økokrim to get this investigation over with as quickly as possible. And importantly, trading in Funcom’s stock was only temporarily halted. It continued again shortly after the news broke.

 

According to several Norwegian news outlets the Oslo offices of Funcom were raided earlier today under suspicion of stock infringement. Specifically Funcom is being charged with breaching disclosure requirements related to the launch of The Secret World between August 2011 and July 2012. The company is said to have failed to report financial information during this time period. Funcom’s stock has temporarily been closed on the Oslo Stock Exchange. This morning Funcom stock was trading for less than an hour before it was removed as prices tumbled with the news of the raid by Økokrim.

This is an ongoing news story which we will be updating as we get new information. Keep an eye out for new posts on our Facebook, Twitter, and Google+ pages where we will announce any new information we get.

About Shannon Doyle

Shannon first discovered MMOs in 1999 when she picked up the newly launched Everquest. This started a lifelong love affair with online gaming that has taken her around the world and brought her to MMOGames.com. While she still pines for the streets of Paragon, the City of Heroes, today she spends most of her gaming time walking across Tyria in Guild Wars 2, roleplaying with anyone who says hello.