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Ex Infinium Labs Employee Sues Company

Terry Nagy, former executive vice president of Infinium Labs, is suing the company and its principal officers for fraud and breach of contract. Nagy claims that the compa...

David Jenkins

April 14, 2004

1 Min Read

Terry Nagy, former executive vice president of Infinium Labs, is suing the company and its principal officers for fraud and breach of contract. Nagy claims that the company used him and his knowledge of the video games industry, while promising him a big payoff in shares of company stock – which he claims he never received. Nagy claims that in the autumn of 2003, Infinium Labs cancelled his e-mail and telephone service, and executives Timothy M. Roberts and Robert Shambro stopped returning his calls. Shortly thereafter the company merged into a "shell" company and a public market for its stock developed. Source: PR Newswire

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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