Jeff and Annie Strain, known for their work in gaming, are suing NetEase for $900 million, claiming false rumors ruined their company, Prytania Media Group. They allege that a once-promising partnership took a turn when concerns about regulatory issues led to fraud accusations that frightened off investors. As Prytania's value plummeted from $344 million to nearly nothing, the Strains argue NetEase is trying to dodge U.S. laws on foreign investments. NetEase denies the claims and plans to fight back.
Published on: 3/14/2025
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