Rudy Koch, Chris Ko and Matthew Nutt violated their fiduciary duty on the way to raising $150 million dollars and forming their own venture.Andreessen Horowitz-backed crypto gaming unicorn Mythical Games has filed a suit alleging that three former high-level executives violated theirMythical Games filed the lawsuit in the Superior Court of the State of California in Los Angeles County’s Central District on Thursday.
chief operating officer and head of game studios and publishing, while Ko was a senior vice president for strategy and investments.valuation of more than $1 billion, alleges that the company put the three named executives in charge of raising money for a new fund called Mythical Ventures. The company alleges a Mythical Games investor introduced the trio to Cypher Capital, based in the United Arab Emirates.
Then, instead of securing an investment from Cypher Capital for Mythical Ventures, the three executives used Mythical Games’ business plan and convinced Cypher Capital to invest in a separate endeavor, according to the lawsuit.