Update: THQ has responded to Joystiq with an official statement regarding the lawsuit. The settlement dictates that Adidas will dismiss the suit and "a third party will reimburse THQ for certain of its development costs." Said third party will work with Adidas to bring the game to market. Finally, "THQ has no financial liability to Adidas or any other party in connection with the game." The full statement can be found after the break.
That means THQ was able to find an investor to cover their lawsuit expenses.
That also means that the investor currently has profitable interest in THQ
IMO, THQ won't do much this week since they will be releasing news on their Annual Earnings next week on May 15, 2012. Shorts aren't stupid, Shorts will only post something that will want to make you buy/sell stocks before a given time.
Think for yourselves. Will THQ's Annual Release be taken positively to rise or negatively to decline?
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