Overkill's The Walking Dead

Starbreeze raided as insider trading is suspected

The Swedish Economic Crime Authority confiscated a computer among other things.

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The story of the struggles of Swedish developer and publisher Starbreeze Studios is getting more serious by the day. On Monday it was announced that the company entered into "reconstruction" a Swedish term for what basically amounts to a bankruptcy protection that lets the company rebuild without the pressure from having to pay creditors (the equivalent of administration). This as a direct result of Overkill's The Walking Dead not achieving the sales the company had hoped for.

On Wednesday, the studio was raided by The Swedish Economic Crime Authority as one or more individuals are suspected of insider trading as apparently key people in the organisation sold off their shares prior to the announcement of the dire state of affairs (thus cashing well above the current value of the stock), as first reported by DI.se (Swedish). One person is held in custody as a result of the investigation. Starbreeze was quick to point out via press release that the company is not suspected of any wrongdoing.

For now, Starbreeze continues to operate and recently the price of Overkill's The Walking Dead was cut in half for the initial season one content. Remains to be seen if measures can be taken during this reprieve to ensure a healthy future for the company, and it remains to be seen if this investigation into insider trading will lead to a conviction.

Overkill's The Walking Dead

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