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Forums - Gaming - Factor 5: Sued by employees and holding addets and source for a Wii game

alfredofroylan on 14 July 2009

Rogue Squadron Wii

Former employees of Factor 5 Inc., a San Rafael video-game company that abruptly closed last month, have sued the company, asserting that it fraudulently conveyed intellectual property to another company before declaring bankruptcy to avoid paying the employees and other debtors.

When Factor Five filed to liquidate its assets under Chapter 7 bankruptcy law on May 13, it estimated it had $50,000 to $100,000 in assets and $1 million to $10 million in debts. The bankruptcy filing includes 69 claims for unpaid wages totaling more than $900,000.

http://www.marinij.com/ci_12602712

And about Rogue Squadron

James Smith, a lawyer representing the employees, claims Factor 5 founders started a limited liability company called 'Blue Harvest' in which to transfer work completed on the Star Wars: Rogue Squadron game for the Nintendo Wii.

http://wii.ign.com/articles/995/995726p1.html

Blue Harvest??? C'mon!!!



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dsister44 on 14 July 2009

That's a good idea. Sue a company that just went bankrupt.



noname2200 on 14 July 2009
dsister44 said:
That's a good idea. Sue a company that just went bankrupt.

If they're playing a shell game with what few assets you can use to get your backpay? Yes.



Words Of Wisdom on 14 July 2009

How do you get 69 claims for unpaid wages totaling over $900,000?



International Douche on 14 July 2009
Words Of Wisdom said:
How do you get 69 claims for unpaid wages totaling over $900,000?


Redundency\Holiday\sick\bonuses...

 

Would add up, likely includes court\solicitor\barrister fees too



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COKTOE on 14 July 2009

Wow. I somehow missed the closure of Factor 5. I had no apartment for a month, so I suppose it happened when I was in limbo.



- "If you have the heart of a true winner, you can always get more pissed off than some other asshole."

Words Of Wisdom on 14 July 2009
COKTOE said:
Wow. I somehow missed the closure of Factor 5. I had no apartment for a month, so I suppose it happened when I was in limbo.

Only the US branch closed.  Factor Five of Germany (IIRC) is still open.



sguy78 on 14 July 2009

Well, there goes a third party that was pretty good with the big "N".



theprof00 on 14 July 2009
International Douche said:
Words Of Wisdom said:
How do you get 69 claims for unpaid wages totaling over $900,000?


RedundencyHolidaysickbonuses...

 

Would add up, likely includes courtsolicitorbarrister fees too

what do starbucks employees have to do with anything?



noname2200 on 14 July 2009
theprof00 said:
International Douche said:
Words Of Wisdom said:
How do you get 69 claims for unpaid wages totaling over $900,000?


RedundencyHolidaysickbonuses...

 

Would add up, likely includes courtsolicitorbarrister fees too

what do starbucks employees have to do with anything?

Barister, not barista.