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Interplay SHUT DOWN by Labor Department
Company News - posted by Saint_Proverbius on Sat 5 June 2004, 14:54:18Tags: Herve Caen; Interplay
According to this article on OC Register, Interplay has been shut down by California's labor department as of last night.
"An employer has responsibilities when they open a business. The responsibilities include proper and timely payment of wages. It includes providing workers compensation coverage in case there are injuries. If the employer cannot accommodate those basic issues of doing business, we cannot allow employees to work," Fryer said.
Interplay is facing eviction from its landlord, Arden Realty, which hasnâ€™t received a rent payment on the 81,000-square-foot space since January. Interplay, which has said it will run out of money by July, also owes $179,000 in payroll taxes and penalties, according to regulatory filings.
Herve Caen, Interplayâ€™s CEO, said the company plans to reinstate its workers comp as soon as possible.
"The company has not shut down. (The state) canâ€™t do that. It can only let me not let employees work," said Caen, adding that Interplay will move to a smaller office in mid-June. "I hope to have that (insurance) back by Monday or Tuesday."
So, there's a difference between having no employees working and being shut down?
Thanks, Briosafreak, formerly of NMA.