Motorsport Games Inc. Announces Summary Judgment in its Favor in Dispute with Innovate 2 Corp

Core Viewpoint - Motorsport Games Inc. has received a favorable summary judgment from the U.S. District Court for the District of Delaware, resolving a legal dispute with Innovate 2 Corp. and allowing the company to focus on its core business of developing racing games [1][2][3]. Group 1: Legal Outcome - The U.S. District Court granted summary judgment in favor of Motorsport Games and other defendants, including former executives, on all counts related to the case against Innovate 2 Corp. [1][2] - The judgment specifically addressed a breach of the stock purchase agreement, ruling in favor of Motorsport Games [2]. Group 2: Company Statements - Stephen Hood, President and CEO of Motorsport Games, expressed satisfaction with the court's ruling, emphasizing that the company and its former representatives acted in good faith [3]. - The company aims to move forward and concentrate on creating engaging racing game experiences, such as "Le Mans Ultimate" [3]. Group 3: Company Overview - Motorsport Games is a developer and publisher of racing games, providing an esports ecosystem for official motorsport racing series [4]. - The company is known for its licensed video games for prestigious racing series, including the 24 Hours of Le Mans and the FIA World Endurance Championship, and has recently released "Le Mans Ultimate" in Early Access [4]. - Motorsport Games also owns the rFactor 2 and KartKraft simulation platforms, with rFactor 2 serving as the official sim racing platform for Formula E [4].