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Bungie to return shares to fired Destiny composer

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You might recall the trial of ex-Bungie composer, Marty O’Donnell, who was fired without apparent reason from Bungie in April this year. Having played a significant role in the creation of the Halo and Destiny soundtracks, O’Donnell was found to have been wronged and received $95,000 in damages due to unpaid leave and wages.

However, Venturebeat is now reporting that unpaid leave and wages wasn’t the only outstanding issue between Bungie and O’Donnell, and this one has particular relevance given the nearing release date of Destiny. In a separate case, O’Donnell was also suing Bungie for the loss of his shares within the company, some 336,375 of Series B-1 Preferred Stock and a further 48,000 common stock.

This was linked to his contractual agreement with Bungie, which stated that he relinquished his unvested stocks upon voluntary resignation, a point O’Donnell obviously disputed. O’Donnell was able to prove, through an arbitration claim, that he “demonstrated substantial likleihood” that he was one of the seven founders of Bungie, and has had his stocks reinstated.

According to Bungie’s lawyers, if O’Donnell’s shares were restored, he would be a “bothersome presence at board meetings and in the company,” an issue that arbitrator retired Judge Sharon Armstrong appears not to have had much sympathy for. His rights to the stock have been restored. It will be interesting, now given O’Donnell’s influence at a shareholder level, how this saga plays out in the future.

Source: Venturebeat

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