Infogrames Looting

Shareholders of the former GT Interactive are alleging that Infogrames has looted the company. London's The Times newspaper is reporting that two U.S. investors are filing suit against the company, claiming that directors of Infogrames, Inc., as GT is now known, transferred valuable company assets to French parent company Infogrames SA while leaving the U.S. company to pay for new product development. The shareholders are asking the court to award them damages and legal fees.