US Company Fort Knox Consulting, Suing Online Gaming Company Over Alleged Breach Of Contract

Fort Knox Consulting, the American acquisitions and merger company and Gaming VC, the online gaming group, have come into contention and seemed bound toward legal conflict over Fort Knox Consulting’s claim of a 5 percent commission due from Gaming VC for mergers and acquisitions work accomplished for them.

Reports have surfaced that Gaming VC  CEO Steve Barlow of the Germany based operation, along with a former company director, Scott Miller, have tendered their resignations as a result of the Fort Knox suit since they are named individually as defendants because of their having interfered with the company’s original agreement.

Any apparent link between the resignation of Gaming VC chief executive Steve Barlow and Fort Knox Consulting’s legal claim against the company being brought in the United States, has been denied by Gaming VC.

Gaming VC, the online casino gambling operation announced that Barlow was quitting his position immediately. He does plan however, to remain with the company as a non-executive director.

Fort Knox Consulting brought its legal suit against Gaming VC in the district state court of Massachusetts. They claim that Gaming VC failed to recognize an assumed agreement between Gaming VC and Fort Knox with regard to a five percent commission assumed due for mergers and acquisitions work.

The amount of damages claimed by Fort Knox has yet to be specified. Meanwhile, a Gaming VC spokesmen has made  known that the company intends to fight the suit with resolution.

A Gaming VC spokesman has said that the law suit is not the cause for the change in the company’s broad members. He also made known that the company’s share price has suffered as of late, and that the former CEO Steve Barlow, being a major shareholder, decided that some changes were necessary.

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