Skybound Hit With $4M IP Theft Suit Over ‘Stray’ Videogame

By Editorial Team

Skybound Game Studios is facing a $4 million lawsuit for allegedly stealing trade secrets and confidential information from video game designer iam8bit to negotiate a deal for the launch of the game “Stray” for the Nintendo Switch. The lawsuit claims that Skybound cut iam8bit out of the profits by going behind its back.

The lawsuit was filed in California state court and alleges fraud on the part of Skybound Game Studios. The complaint accuses Skybound of using iam8bit’s intellectual property without authorization to secure a publishing deal for “Stray” with a third-party publisher.

The legal action highlights the importance of protecting intellectual property rights in the gaming industry and the potential consequences of misappropriating trade secrets. The lawsuit seeks $4 million in damages for the alleged IP theft.

For more information on this developing legal case, stay tuned for updates.