According to court documents provided to Insider Gaming, one of the verdicts, which was tried in Russia where the employees are located, equated to around $14,600 USD awarded. The second verdict, according to one source is in the range of $10,000.
There are still at least two other cases for unpaid wages awaiting a final ruling. A hearing for one is currently scheduled for September 12. Another hearing, scheduled for September 21, is for a similar case but for eight total plaintiffs as opposed to one for each employee.
More Trouble For Motorsport Games
Recently, Motorsport Games reported their second-quarter earnings for 2023. The company posted losses of $8.2 Million for the quarter. As of July 31, they had just $1.4 million cash on hand.
“Based on this cash and cash equivalents position, and the Company’s average cash burn, the Company does not believe it has sufficient cash on hand to fund its operations for the remainder of the fiscal year 2023 and that additional funding will be required in order to continue operations,” Motorsport Games said in a release announcing the earnings.
It was also revealed that the company is “currently in discussions with a third party for the potential sale of the Company’s NASCAR license”.
Sources on a potential sale have told Insider Gaming that things are moving closer to a sale being completed. As far as the buyer goes, it’s only been relayed that it is a “known company”.
Insider Gaming has reached out to Motorsport Games for comment on the verdict as well as the possible sale of the NASCAR license. So far, no response has been received.
What do you think of the Motorsport Games employees winning their lawsuit against the company? For more Insider Gaming, check out what game is expected to be added to PlayStation Plus in September.