informa
1 min read
News

Fargo Resigns As Interplay CEO, Company Considers Suit Against Him

A strange mixed message was issued today from struggling publisher Interplay.
The company announced that Chairman and CEO, Brian Fargo, resigned from both positions, effective today. Herve Caen, current President of Interplay and a senior executive at Titus, was appointed the Interim CEO by Interplay's Board of Directors, which Titus largely controls now. In the release about Fargo's departure, Caen is quoted as saying "I wish Brian the best of luck in his future endeavors. I look forward to working closer with the great team of people at Interplay to continue moving the company in a new direction. Together we will build the future of Interplay and maintain our dedication to making cutting-edge products for the PC and next-generation console platforms." However, in a separate development reported by Reuters, Interplay revealed in a quarterly filing with the U.S. Securities and Exchange Commission that the company is considering legal action against Fargo, for allegedly "soliciting company employees." "The company is considering pursuing civil actions against Mr. Fargo for breach of his duties to the company," Interplay said in the filing. It went on to say that Fargo "improperly engaged in competition with the company by, among other things, soliciting company employees." Fargo, as communicated through his attorney, strongly denied the charges.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more