Interplay Reopens, Parent Company Frozen
Date: Wednesday, June 09 @ 17:31:10 UTC
Topic: Off Topic
A late news item in the Orange County Register confirms that Interplay officially reopened its doors today, having obtained worker's compensation insurance. According to reports earlier this week, the company had been shut down by state authorities for not providing the insurance, as well as for not paying its employees.
However, not all may be on the rise for the long-time developer. Its parent company, French publisher Titus Interactive, today filed for bankruptcy. The Tribunal of Commerce of Meaux froze Titus shares pending investigation.
Still, Interplay CEO Herve Caen maintains that the Titus situation is not connected to Interplay's fate.
"(Titus' bankruptcy) doesn't affect us in any way, shape or form," the Register quotes him as saying. Caen is hoping that funding through investment bank SG Capital will help get the troubled company back on its feet.
Interplay isn't out of the immediate dark. State officials still require the company to pay neglected wages and associated penalties, based on an audit currently in process.
Source: IGN.com
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