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Interplay running again, Titus bankrupt
Company News - posted by Saint_Proverbius on Wed 9 June 2004, 04:17:22Tags: Herve Caen; Interplay
Per this article on GameSpot, it appears Interplay has decided to pay it's employees so it can open it's doors. Meanwhile, Titus is still DOOMED. Here's a clip:
Just days after California authorities forced Interplay to close its doors, the publisher has apparently reopened them. A late-breaking report from The Orange County Register says that CEO Herve Caen succeeded in acquiring workers' compensation insurance for the financially ailing company, thereby allowing work to resume at its Irvine, CA offices. The offices were forcibly closed Friday by state labor inspectors due to lack of workers' compensation insurance and unpaid wages.
Ironically, the good news for Interplay came on the same day the publisher's majority shareholder, France-based Titus Interactive, declared bankruptcy. Speaking to GameSpot, sources close to the developing story said they heard news of the bankruptcy from Caen himself. Caen founded Titus in 1985 with his brother, Eric.
I think they re-openned for the EVERYTHING MUST GO CLEARANCE PROPERTY SALE 2004 so Titus can get some money.