Wednesday, December 5, 2018

Starbreeze Offices Raided, Employee Arrested on Suspicion of Insider Trading

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Just days after announcing that it had filed for reconstruction and would be parting ways with its CEO, game publisher Starbreeze has had its Stockholm headquarters raided by authorities on suspicion of insider trading.

According to Dagens Industri (via Variety), Starbreeze's offices were raided by authorities, equipment was seized, and one anonymous person was arrested as a result.

Executives at the company reportedly sold back large shares of the company just a few weeks ago. Since the announcement of Starbreeze's financial troubles, stock prices for the studio have fallen by as much as 80 percent.

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