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THQ Investors Call Shenanigans

THQ's recently announced one-two punch of declaring Chapter 11 bankruptcy while arranging a sale to a "stalking horse bidder" for a Section 363 sale has hit a snag, as Gamasutra reports investors have raised objections to the plan. The complaint focuses on how this seems to protect THQ management jobs, but not their investments. The investors aren't the only ones with raised eyebrows over this, as Distressed Debt Investing notes the U.S. Trustee overseeing the THQ bankruptcy has also filed an objection to the proceedings, noting problems with the accelerated timing of asset sales and excessive fee/expense reimbursements.

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9. Re: THQ Investors Call Shenanigans Jan 4, 2013, 11:07 Verno
 
I always find it amusing when shills make arguments about how creative talent can't manage themselves yet we hear these stories of mismanagement and abuse over and over again. THQ has a lot of profitable franchises yet still can't make a buck. The problem starts at the top, not the bottom. I hope it's not too late to save THQ at this point.  
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