Tamara Chuang of the Orange County Register again had a revealing and good article about Interplay. Some bits:<blockquote>
State regulators investigating Interplay
By TAMARA CHUANG
The Orange County Register
State regulators began an on-site investigation of Interplay Entertainment Corp. today after receiving complaints that employees were not getting paid.
(...)
"We've got seven claims in, which is enough for us to believe that the problem goes beyond these seven employees," said Dean Fryer, spokesman for the California Labor Commissioner. "We want to find out if indeed employees haven't been properly paid and have proper workers compensation. If not, we could close the business down."
Interplay already faces eviction from its landlord, Arden Reality, which hasn't received a rent payment on the 81,000-square-foot Irvine office space since January. Interplay, which has said it would run out of money by July, also owes $179,000 in payroll taxes and penalties, according to regulatory filings.
(...)
Luke Haase, who handles Interplay's investor relations, said today that Interplay is still in business and expects to be around five years, even 10 years from now.
(...)
"Some payments have been missed. Some back payments have been made," Haase said. "The company is still behind. A majority of employees are still coming in to work. It's their choice."
But Haase has high hopes for the company. Interplay hired SG Capital in April to raise money or sell the company. </blockquote>Thanks Briosafreak
State regulators investigating Interplay
By TAMARA CHUANG
The Orange County Register
State regulators began an on-site investigation of Interplay Entertainment Corp. today after receiving complaints that employees were not getting paid.
(...)
"We've got seven claims in, which is enough for us to believe that the problem goes beyond these seven employees," said Dean Fryer, spokesman for the California Labor Commissioner. "We want to find out if indeed employees haven't been properly paid and have proper workers compensation. If not, we could close the business down."
Interplay already faces eviction from its landlord, Arden Reality, which hasn't received a rent payment on the 81,000-square-foot Irvine office space since January. Interplay, which has said it would run out of money by July, also owes $179,000 in payroll taxes and penalties, according to regulatory filings.
(...)
Luke Haase, who handles Interplay's investor relations, said today that Interplay is still in business and expects to be around five years, even 10 years from now.
(...)
"Some payments have been missed. Some back payments have been made," Haase said. "The company is still behind. A majority of employees are still coming in to work. It's their choice."
But Haase has high hopes for the company. Interplay hired SG Capital in April to raise money or sell the company. </blockquote>Thanks Briosafreak