Legal Tussle Erupts Between Gala Games and True North

Legal Tussle Erupts Between Gala Games and True North



True North United Investments has initiated legal action against Eric Schiermeyer, the CEO of the Web3-enabled play-to-earn gaming service Gala Games. The allegations include poor corporate governance, misallocation of company resources, and dubious business operations.



Eric Schiermeyer and Wright Thurston, the founder of True North United Investments, co-established Gala Games. The duo has a history of legal confrontations; Schiermeyer had earlier accused Thurston of pilfering $130 million in digital currency, which led to a counter-lawsuit by Thurston.



In the current legal dispute, Thurston claims that Schiermeyer misused millions of dollars for personal expenses, misappropriated $600 million of company assets, and improperly seized business opportunities by setting up new enterprises in Switzerland and Dubai. Additionally,


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #GalaGames, #News

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