Comments on: Chinese Game Company Sued by U.S. Shareholders After Restricting Gold Farming https://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/ Legal Issues That Impact Virtual Worlds Tue, 13 May 2014 04:03:48 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Investors sue game operator for stopping gold-farming | Massively https://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-59024 Investors sue game operator for stopping gold-farming | Massively Thu, 29 Sep 2011 03:13:22 +0000 http://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-59024 [...] [via Virtually Blind] [...] [...] [via Virtually Blind] [...]

]]> By: China Hearsay: China law, business, and economics commentary https://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-13529 China Hearsay: China law, business, and economics commentary Mon, 07 Jan 2008 11:31:27 +0000 http://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-13529 [...] Suit Against Chinese Gaming Co. If you had laid out this fact pattern as a future scenario to someone ten years ago, they would have laughed in your [...] [...] Suit Against Chinese Gaming Co. If you had laid out this fact pattern as a future scenario to someone ten years ago, they would have laughed in your [...]

]]> By: Danwei : Gamble your life away in ZT Online https://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-12869 Danwei : Gamble your life away in ZT Online Wed, 26 Dec 2007 07:21:27 +0000 http://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-12869 [...] reduce gold-farming brought about a shareholders' lawsuit against Giant Interactive on 26 November (link). Links and [...] [...] reduce gold-farming brought about a shareholders’ lawsuit against Giant Interactive on 26 November (link). Links and [...]

]]> By: Kenan Farrell https://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-12021 Kenan Farrell Thu, 06 Dec 2007 19:18:39 +0000 http://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-12021 Related news story: A former Giant Interactive programmer surnamed Wang was sentenced to a year-and-a-half prison term and a 50,000 Yuan (US$ 6,744) fine in the Shanghai Xuhui Area People's Court on December 6 for the sale of company source code in March 2007. Two men who purchased the code, surnamed Wang and Tang, received a one year prison term and 40,000 Yuan (US$ 5,395) fine and 10 month term and 30,000 Yuan (US$ 4,046) fine, respectively. Programmer Wang sold the source code to Giant Interactive's "ZT Online" for 130,000 Yuan (US$ 17,534). Giant Interactive took Wang to court on November 19. http://www.pacificepoch.com/newsstories/111852_0_5_0_M/ Related news story:

A former Giant Interactive programmer surnamed Wang was sentenced to a year-and-a-half prison term and a 50,000 Yuan (US$ 6,744) fine in the Shanghai Xuhui Area People’s Court on December 6 for the sale of company source code in March 2007. Two men who purchased the code, surnamed Wang and Tang, received a one year prison term and 40,000 Yuan (US$ 5,395) fine and 10 month term and 30,000 Yuan (US$ 4,046) fine, respectively. Programmer Wang sold the source code to Giant Interactive’s “ZT Online” for 130,000 Yuan (US$ 17,534). Giant Interactive took Wang to court on November 19.

http://www.pacificepoch.com/newsstories/111852_0_5_0_M/

]]> By: Benjamin Duranske https://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-11997 Benjamin Duranske Wed, 05 Dec 2007 16:21:19 +0000 http://virtuallyblind.com/2007/12/04/chinese-game-sued-gold-farming/#comment-11997 Even before this, I've been wondering if the idea that gold farming is bad for economies/games is really true. It is if the farmer are using fake accounts, fake credit card numbers, etc. but I wonder how much of that comes from the ever-escalating weapons race between farmers and games. If they're paying customers, then it's a harder sell, as, apparently, it was to these investors. That all said, class action lawsuits based on securities losing value are somewhat suspect to me right out of the gate, if only because there are so many of them and so many have, historically, been based on lousy facts. Will be interesting to see how this plays out. Another odd thing I noticed when I first read Kenan's article and did a little searching is that I could find a lot more information about the IPO and lawsuit than I could about the game. Does anybody have any idea how you can actually play it? A demo, even (it sounds like it requires physically buying pre-paid play time cards in China, which makes it a little difficult to check it out!) Even before this, I’ve been wondering if the idea that gold farming is bad for economies/games is really true. It is if the farmer are using fake accounts, fake credit card numbers, etc. but I wonder how much of that comes from the ever-escalating weapons race between farmers and games. If they’re paying customers, then it’s a harder sell, as, apparently, it was to these investors.

That all said, class action lawsuits based on securities losing value are somewhat suspect to me right out of the gate, if only because there are so many of them and so many have, historically, been based on lousy facts. Will be interesting to see how this plays out.

Another odd thing I noticed when I first read Kenan’s article and did a little searching is that I could find a lot more information about the IPO and lawsuit than I could about the game. Does anybody have any idea how you can actually play it? A demo, even (it sounds like it requires physically buying pre-paid play time cards in China, which makes it a little difficult to check it out!)

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