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Ashes of Creation Founder Files New Evidence Citing Riot’s $250–$500 Million Proposal

The filing seeks court control of Intrepid Studios based on allegations of coercion.

Overview

  • The new court exhibits, filed Wednesday, include an email from Riot Games’ CFO describing a potential $250–$500 million investment tied to a possible acquisition of Intrepid.
  • Steven Sharif says investors led by Robert Dawson urged him not to accept that proposal and he alleges a 2024 forced transfer of control through a “loan‑to‑own” plan.
  • Sharif asks the judge to appoint a neutral receiver to run Intrepid during the case, while TFE Games Holdings pursues a separate Nevada lawsuit accusing him of misappropriating funds.
  • He rejects a YouTuber’s April 11 post that published parts of Intrepid’s accounting ledger, calling the leak incomplete, false, and part of a coordinated defamation push.
  • The filings include texts that appear to threaten Sharif and an email discouraging severance and PTO payments, while a former marketing lead said staff never received final paychecks after the shutdown.