Report: Ex-Factor 5 Employees Sue Company For Fraud

**MIG-31** · Jun 17, 2009, 03:29 PM

Former employees for San Rafael, Calif.-based developer Factor 5 are suing the company for allegedly fraudulently conveying intellectual property to another company prior to declaring bankruptcy, in order to avoid paying employees and debtors.

Factor 5 closed its doors on May 13, and according to a report in the Marin Independent Journal, soon after had 69 claims for unpaid wages totaling over $900,000.
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Source: Gamasutra

Jun 17, 2009, 03:29 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Report: Ex-Factor 5 Employees Sue Company For Fraud Former employees for San Rafael, Calif.-based developer Factor 5 are suing the company for allegedly fraudulently conveying intellectual property to another company prior to declaring bankruptcy, in order to avoid paying employees and debtors. Factor 5 closed its doors on May 13, and according to a report in the Marin Independent Journal, soon after had 69 claims for unpaid wages totaling over $900,000. ____________ Source: Gamasutra __________________ Please Post Your News Submissions Here