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Interplay has released two press releases about the settlement, a short one here, and the other here - here's the latter in full length (minus the you-know-already-what-blabla):IRVINE, Calif.--(BUSINESS WIRE)--March 22, 2002--Interplay Entertainment Corp. (Nasdaq:IPLY - news) today announced that a settlement has been reached with Brian Fargo concerning matters related to Fargo's tenure as chairman and CEO of Interplay and his resignation from such positions in January 2002.
The agreement effectively settles all disputes concerning Fargo's services to and resignation from the company, some of which were disclosed in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission on Jan. 28, 2002.
``We are extremely pleased that we have been able to resolve the differences that arose in the past few months,'' said Herve Caen, Interplay's chairman and chief executive officer. ``Brian Fargo is one of a handful of industry pioneers that were able to push the industry to its current status as a true entertainment art form and a significant industry worldwide.''
Fargo noted: ``I feel a true sense of accomplishment that we have been able to settle these issues and I am able to move on with my life and my work. Interplay will continue to have success in the future and I wish Herve and his team all the best.'' |
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Interplay Reaches Settlement With Brian Fargo
