During the first weeks of the year 108 an announcement shocked Galnet as Coreli announced the completion of a hostile takeover. Several Coreli directors sold the majority of their shares to the Serpentis Corporation, which had apparently been taking a strong interest in the once-loyal guardians of the Federation. Overnight, dozens of employees found their employment contracts terminated while the Cyrene Initiative woke up to find the resignation of its executor corporation.

Joshua Foiritain was named overall CEO of Coreli, while the dominance of the Coreli family in the corporation’s boardrooms was checked and reversed. Today, virtually the only vestige of the Coreli family’s influence on the corporation is the name itself. The two-division system was done away with, as the capsuleer division took over command of planet-side operations. Elisa Coreli was named vice-president of the reorganized planet-side operations under Foiritain and the capsuleer division due to her status as Coreli’s largest individual shareholder.

Shortly after the press release, Coreli relocated major operations to the Curse region, where it has resumed developing neural booster technology, first pioneered under the tenure of Thierry and Augustin Coreli. The reasons for takeover were never mentioned publicly, but it is generally believed Serpentis was interested in Coreli’s extensive pleasure hub network as a conduit for narcotics supply lines into Federation territory, and that some directors within Coreli had been looking for a method of advancing their booster research at a faster rate while dodging the possible legal ramifications.

In order to protect its interests in the lawless region of Curse, Coreli’s combat division has recently come to the forefront of Galnet news. The Coreli Guardians will continue to be devoted to protecting Coreli against all threats, whether they be present or possible.