International Game Technology has agreed to a litigation settlement with game content developer GC2 Incorporated resolving all disputes between the parties related to their lawsuit in US District Court for the Northern District of Illinois.
The case involved copyright infringement and intellectual property licensing rights related to some of the gaming industry’s most successful products including, but not limited to, Pharaoh’s Fortune, Coyote Moon, Kingpin Bowling, and Lucky Lion Fish. Financial terms of the settlement have not been announced. Under the agreement, besides providing amicable resolution to all litigation disputes, ownership of 30 digital games developed by GC2 will be transferred to IGT, and IGT shall provide a perpetual license to GC2 to use such games in non-gaming applications.
“GC2 and its attorneys, Greensfelder, Hemker & Gale, P.C., are pleased with this settlement agreement as it resolves the three years of successful litigation and allows both companies to focus their attention on the development of new land-based and online games that will contribute to successful consumer products,” stated Frank Warzecha, GC2 President.