THQ reaches $1.25 million settlement with COKeM, seeks court approval

By Jim Witters

Wilmington, Del., July 11 - THQ Inc. is seeking court approval of a $1.25 million settlement of a breach-of-contract claim against COKeM International, Ltd., according to a July 10 filing with the U.S. Bankruptcy Court for the District of Delaware.

COKeM bought video games from THQ during 2011 and 2012.

On May 28, THQ filed suit against COKeM in the U.S. District Court for the Central District of California asserting claims for breach of the distribution agreements.

THQ says COKeM failed to pay for the video games and owed more than $1.8 million, court documents state.

Under the proposed settlement, COKeM has agreed to pay THQ $1.25 million, and the parties agree to a mutual release of any and all claims against each other.

A hearing on the settlement is scheduled for 10:30 a.m. ET on July 31.

THQ, a developer and publisher of video games based in Agoura Hills, Calif., filed for bankruptcy on Dec. 19, 2012. Its Chapter 11 case number is 12-13398.

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