Awfully quiet at this moment.
What's with not putting that last update on the actual Updates page in the IGG campaign?
Trying to publicly hide it?
This raises an interesting question with respect to crowdfunding in general and Batteroo in particular.
First, lets remind ourselves that the whole idea of crowdfunding was to invest in something that would find, or had found, it difficult to get investment funding from more traditional sources. The reward was, originally, to see something that you approved of happen rather than dwindle away due to lack of funding. The perks were that, 'perks' and not the actual thing funded. It was an 'investment' without, necessarily, a pay-off for the investor. Many people have lost sight of that and are treating it more as a way of producing, selling, and buying a product.
Secondly, and this is the question that I think is raised, if this
is investing then the normal rules of dealing with investors apply. Those rules include telling investors the risks and most importantly, when the risks change. In the world of regulated investment, companies are required to file details of things like pending lawsuits in a way that investors can find, and see that the risks of their investment have changed. For US listed companies this would be a filing with the SEC. Basically, there is a duty to be frank about certain classes of information and possible lawsuits is one of them.
In the case of Batteroo, withholding the information about a possible action from Energizer from the IGG pages, while releasing it elsewhere seems to be doing the opposite to satisfying their implied duty of frankness. Moreover, they have input from traditional funding sources who probably both demand this type of information and also understand the duty to be frank with it and would have/ought to have advised Batteroo the same. If IGG were a regulated market the regulators would be preparing some formal action or prosecution at this point purely over the non-publication of that information.
TL;DR: Failing to be frank about the possible Energizer action with IGG funders flies in the face of conventions on frank honesty with investors and calls Batteroo's probity (further) into question.