Earlier this week, Fairytale Fights developer Playlogic filed for bankruptcy. Along with the filing came purported allegations that German publisher Koch Media owed Playlogic 1.7 million Euros (or about $2.2 million USD) in unpaid bills and as a result was now suing Koch. Koch has made a statement today denying both the claim that it owes Playlogic any money and that a lawsuit has been filed.
“In connection with [the bankruptcy filing] we read with surprise that allegedly one of the contributions due to Playlogic is a sum of 1.7 million euros owed to them by Koch Media and that the company has filed a court case against Koch Media,” Koch CEO Klemens Kundratitz told MCV.
Despite what has been circulating around the Internet this week, Kundratitz claimed that no legal action has been filed against Koch by Playlogic and that Koch has to debt to the developer. He stated, “We therefore see the need to set the record straight: Koch Media did enter into a Pan-European Distribution Agreement with Playlogic Entertainment Inc in June 2009 for several of their titles but we refute that we have any debts that are properly due. In contradiction to the recent news articles Playlogic has not filed any formal legal action against us.”
