Mythical Games has filed a lawsuit against three former executives of the Web3 gaming studio for breaching fiduciary duty while employed at the firm.
According to the case filed Thursday, Senior Vice President Chris Ko, Chief Operating Officer and head of games Matt Nutt and co-founder Rudy Koch, stole Mythical’s plans for raising capital, funneling $150 million into their new firm Fenix Games while still employed by the company.
Last year, Ko, Nutt and Koch were tasked with acquiring investors for Mythical’s venture capital wing, Mythical Ventures. After each separately announced their departure from the firm in November, the executives announced that Fenix Games raised funds from Cypher Capital, a lead investor the executives had previously been working with to obtain capital for Mythical Ventures.
(by Cam Thompson)
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