City National Bank Sues Konami Over Loan

<p>In some rather embarrassing news for Konami&comma; the gaming giant and Autumn Games are currently being sued by City National Bank for apparently not repaying on a loan&period; In this situation&comma; it is better to approach for <a href&equals;"https&colon;&sol;&sol;www&period;iva-advice&period;co&sol;">iva debt help<&sol;a> so that this situation can be handled and cleared up smoothly&period; As stated in the reports&comma; Konami and Autumn Games supposedly borrowed &dollar;14 million from the bank for the karaoke game&comma; <em>Def Jam Rapstar<&sol;em> and according to CNB&comma; have failed to repay them&period; Perhaps it&&num;8217&semi;s time for them to <a href&equals;"https&colon;&sol;&sol;www&period;little-loans&period;com&sol;borrow-money"><strong>borrow<&sol;strong><&sol;a> from lending companies&period;<&sol;p>&NewLine;<p>&&num;8220&semi;CNB has recently learned that defendants&&num;8217&semi; representations concerning financial conditions and repayment of the loan &&num;8211&semi; both before and after the loan was approved &&num;8211&semi; were false at the time they were made and that defendants never had any intention of repaying the loan as promised&comma;&&num;8221&semi; they stated&period; &&num;8220&semi;Rather than paying game-related proceeds directly to CNB as agreed&comma; defendant have kept all game-related proceeds for themselves and have refused to remit any such proceeds to CNB&period;&&num;8221&semi; If you want to know more&comma; <a href&equals;"https&colon;&sol;&sol;www&period;little-loans&period;com&sol;cash-loans">click here to learn more<&sol;a><&sol;p>&NewLine;<p>They went on to say&comma; &&num;8220&semi;By the time CNB learned the true state of affairs&comma; Autumn had drawn down &dollar;13&comma;987&comma;003&period;15 of the &dollar;15 million line of credit&&num;8230&semi; To date&comma; defendants still have not paid CNB a single penny of the principal amount that is due&comma; and they continue to insist that none of the proceeds from sales of the game are owed to CNB and&sol;or available for repayment&period;&&num;8221&semi;<&sol;p>&NewLine;<p>CNB is looking for more than &dollar;8&period;5 million in damages&comma; breach of contract and more&period;  Yikes&comma; wouldn&&num;8217&semi;t want to be Konami right now&period; No word yet from them in response to the claims&period;<&sol;p>&NewLine;