-- Allied Gaming & Entertainment (AGAE) said Wednesday it has reached a comprehensive settlement with Knighted Pastures and concluded all legal proceedings related to the firm.
In June 2025, Allied had sued Knighted Pastures and its managing partner Roy Choi for allegedly acquiring large quantities of Allied stock without the proper regulatory disclosures, in a bid to obtain control over Allied's board at the company's annual general meeting.
With the settlement, Allied said it moves to a new phase of strategic development centered on artificial intelligence and tokenized digital asset platforms and plans to implement AI- and token-enabled initiatives throughout 2026.
Knighted Pastures on Tuesday also confirmed that the legal matter had been resolved, allowing both companies to move forward.
"We appreciate the resolution of this matter and the clarity it provides for all parties involved. This outcome reflects a thorough process and allows both organizations to move forward constructively," Choi said in a statement on Tuesday.
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