Feeds

Pirate Bay's would-be saviour hit by 'bankruptcy order'

Rough seas ahead

Internet Security Threat Report 2014

Global Gaming Factory X - the supposed saviour of Pirate Bay - has apparently been hit by a bankruptcy order in a Swedish court.

It was kicked off the Swedish stock exchange just over a week ago for failing to provide proper financial information. Its shares were suspended in late August. The attempted takeover of the Pirate Bay was already looking shaky because it was unclear where GGF was getting its money from.

Today things took a turn for the worse when one of GGF's creditors took a bankrupcy order to Stockholm's District Court.

Johan Sellstrom has waited long enough to be paid the 1,378,525 kronor (£123,033) he says GGF owes him. Sellstrom is a former director of GGF.

The filing claims that "the debtor canot legally pay its debts, and such incapacity cannot be regarded as 'temporary'."

Hat tip to Sweden's the Local for translating Svenska Dagbladt's original report.

We've left messages for Global Gaming Factory X and will update this story if it gets back to us. ®

Intelligent flash storage arrays

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?