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Adrenaline Vault has an interesting report about the possibility of Interplay suing their former CEO, Brian Fargo:
Interplay Entertainment on Monday said it may pursue legal action against its former chief executive for allegedly soliciting company employees. Interplay, which is controlled by French game publisher Titus Interactive, said in a quarterly filing with the U.S. Securities and Exchange Commission that it may take civil action against Brian Fargo. Interplay said Fargo has improperly engaged in competition with the company by, among other things, soliciting company employees. Fargo's attorney denied the claim, Reuters reports.
Titus took control of Interplay in September, exercising its option under a previous investment to do so, and Interplay alleged in the filing that Fargo was absent from work between that time and his resignation on Jan. 21.
In his resignation letter, which Interplay included in the filing, Fargo claimed he had been effectively stripped of his responsibilities by Titus executives and that Titus was preventing Interplay from auditing the books of Interplay's European distributor, which Titus also controls.
Later on Monday, Interplay said it had named Herve Caen, its president and a Titus senior executive, as its interim CEO.
While most other video game companies saw their stocks soar in 2001, Interplay's shares declined 82 percent as the company's losses mounted and it unsuccessfully sought a buyer before Titus assumed control. Through the third quarter of 2001, Interplay had released only seven new titles for the year, compared with 26 in the same nine-month period in 2000.
We will keep you updated on this... |
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Interplay to sue Brian Fargo?
