More money fun at Interplay
More money fun at Interplay
Company News - posted by Saint_Proverbius on Fri 28 May 2004, 16:03:27
Tags: Herve Caen; InterplayThere's a news article post from orionquest over at the Raging Bull IPLY forum which is basically a cut and paste of this Orange County Register article(registration required). What's it say? Well, Interplay has money issues and employees are starting sue. Here's a clip:
IRVINE – PC-game developer Interplay Entertainment Corp. is running out of cash and may not be able to continue operating, according to company filings.
Two employees have filed complaints with the state because of bounced paychecks. The company also faces a lawsuit from its landlord seeking three months of unpaid rent, plus other lawsuits from entertainment companies that say the Irvine-based company owes them money. An additional $179,000 is owed in payroll taxes and penalties, according to filings with the U.S. Securities and Exchange Commission.
Chief Executive Herve Caen said Wednesday that Interplay will survive the struggles, but declined further comment. He would not say whether Interplay has put off paying employee salaries and health benefits.
Looks like the word's gotten out, Herve. Bummer for you!
EDIT: Isn't it cute he's declined to answer what we already know?
IRVINE – PC-game developer Interplay Entertainment Corp. is running out of cash and may not be able to continue operating, according to company filings.
Two employees have filed complaints with the state because of bounced paychecks. The company also faces a lawsuit from its landlord seeking three months of unpaid rent, plus other lawsuits from entertainment companies that say the Irvine-based company owes them money. An additional $179,000 is owed in payroll taxes and penalties, according to filings with the U.S. Securities and Exchange Commission.
Chief Executive Herve Caen said Wednesday that Interplay will survive the struggles, but declined further comment. He would not say whether Interplay has put off paying employee salaries and health benefits.
Looks like the word's gotten out, Herve. Bummer for you!
EDIT: Isn't it cute he's declined to answer what we already know?
