A couple of days after
the
news that Bo Andersson was leaving his position as CEO of Starbreeze amid a
reorganization comes word that the Starbreeze offices were raided by Swedish
authorities, and as a result one person has been arrested on suspicion of
insider trading.
Variety has the details on the stock sales that led to the raid:
The
offices of Starbreeze, the developers behind poorly-received shooter “Overkill’s
The Walking Dead,” were raided Wednesday in Stockholm by the Swedish Economic
Crime Authority which is investigating the company for insider trading,
according to
Dagens Industri.
Swedish Economic Crime Authority spokesperson Niklas Ahlgren confirmed to
Variety that the group is investigating Starbreeze for possible insider trading
and conducted a raid on the business Wednesday.
The raid occurred Wednesday morning, with authorities arresting one on suspicion
of insider trading and seizing a number of items including a computer. DI
reports that the Wednesday office raid was one of several conducted by the group
as part of the insider trading investigation into Starbreeze.
According to the publication, the outgoing finance manager and outgoing CEO both
sold their entire stake in the company in November. Since those sales, the stock
price for the company dropped about 80 percent as the company struggles with the
lackluster response to “Overkill’s The Walking Dead.”