Motorsport Games Inc. has reached a settlement in ongoing litigation stemming from a complaint filed by former minority stockholders of 704Games. The legal dispute, initiated in February 2021 by HC2 Holdings 2 Inc. and Continental General Insurance Company, involved claims against Motorsport Games, its former executives, and its majority shareholder, Driven Lifestyle Group LLC. The case expanded to include Leo Capital Holdings LLC and additional defendants. In a related coverage action, Wesco Insurance Company sought to clarify its obligations under an insurance policy. As per a Settlement and Release Agreement dated June 2, 2025, Wesco agreed to pay $800,000 to Driven Lifestyle, after which both parties will dismiss the coverage action with prejudice, providing a release of claims for both Wesco and Driven Lifestyle.
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