Get the latest Age of Conan news and views at Massively!
GameDaily
Add to: My AOL, MyYahoo, Google, Bloglines
Joystiq presents
Posts with tag lawsuit

Tecmo responds to Itagaki, stock prices fall

Well, what did you expect when one of the most notable icons in the gaming industry decided to depart from his longtime employer practically out of nowhere? Certainly Itagaki and Tecmo's president, Yoshimi Yasuda, wouldn't just shake hands, agree to disagree and go their separate ways. There's money at stake here!

And following Itagaki's departure, Tecmo has finally come out and said some things regarding the bad break-up. "The legal complaint is in regard to a claim to an incentive bonus linked to a past project," says the Tecmo press release. "The parties could not reach an amicable resolution to this matter, and Itagaki chose to seek a legal remedy. Tecmo will let the court decide the outcome of this case and will seek a true, fair, and quick resolution." For fans who are looking forward to other installments in Team Ninja's franchises, apparently Tecmo is still planning on producing those games, as the press release says that Team Ninja is "intact and, as a matter of fact, has several new projects already underway."

Despite the company's commitment to supporting these franchises, many think Itagaki's departure will be a bad thing for Tecmo, as stock prices plummeted in the wake of the Team Ninja head's resignation. Taking a 10% loss in price, you can bet Tecmo is not happy about this whole fiasco. One thing Tecmo will undoubtedly be giddy about, however, is the new smoke-free offices and policy that dictates employees aren't allowed to get wasted on whiskey while on the job.

Source - Tecmo fires back at Itagaki
Source - Stocks plummet after Itagaki departure

Itagaki leaves Tecmo, sues them on the way out [update]

Well now, somebody pass us the box of Kleenex tissues. Apparently, we'll never get another Ninja Gaiden on the DS, or any more Ninja Gaiden games period, as whiskey-swillin' and leather-wearing head of Team Ninja, Tomonobu Itagaki, has called it quits with Tecmo. The president of Tecmo, Yoshimi Yasuda, hasn't paid money that Itagaki is owed, he says.

And that's why Itagaki is suing for 148 million yen (US$1.5m) on his way out. Not only that, but Itagaki also says Yasuda "made demeaning remarks" about him to other employees, affecting his status at work, giving him "significant emotional distress" and "worsening [of his] personal relationships and work environment."

In his statement, Itagaki said there won't be any more Ninja Gaiden or Dead or Alive games from him, as the rights are retained by Tecmo. This will surely come as a huge disappointment to fans.

Update: Fixed a wording discrepancy.

[Via Joystiq]

Homebrew weekTesting out Let's YogaDS Fanswag!
Features
Another Week in ... (38)
DS Daily (440)
DS Fanboy Lite (36)
DS Fanboy poll (39)
Friday video (64)
Game Night (139)
Metareview (47)
Promotional Consideration (49)
Show and Tell (55)
The DS Life (49)
What are you playing? (84)
Bits
Accessories (125)
Downloads (56)
Fan stuff (1361)
Features (253)
GBA (124)
Hacks (77)
Homebrew (194)
How-tos (65)
Imports (781)
Interviews (138)
Meta (112)
News (2879)
Nintendo Wi-Fi (176)
Reviews (167)
Sales (165)
Screens (793)
Video (590)
Rumors (165)

RESOURCES

RSS NEWSFEEDS

Powered by Blogsmith

Featured Galleries

Band Brothers DX
The Incredible Hulk
Matchman
World Destruction
Tecmo Bowl: Kickoff
Carnival Games
Ketsui DS
Dragon Quest IV boxarts
Dragon Quest IV

 

Most Commented On (14 days)

Recent Comments

Weblogs, Inc. Network

  • Autos
    • Autoblog
    • AutoblogGreen
    • Autoblog Spanish
    • Autoblog Chinese
    • Autoblog Simplified Chinese
  • Technology
    • Download Squad
    • Engadget
    • Engadget HD
    • Engadget Mobile
    • Engadget Chinese
    • Engadget Simplified Chinese
    • Engadget Japanese
    • Engadget Spanish
    • Engadget Polska
    • Switched
    • TUAW (Apple)
  • Lifestyle
    • AisleDash
    • DIY Life
    • Gadling
    • Green Daily
    • Luxist
    • ParentDish
    • Slashfood
    • Styledash
    • That's Fit
  • Gaming
    • Joystiq
    • DS Fanboy
    • Massively
    • Nintendo Wii Fanboy
    • PS3 Fanboy
    • PSP Fanboy
    • WoW Insider
    • Xbox 360 Fanboy
  • Entertainment
    • Cinematical
    • TV Squad
  • Finance
    • BloggingBuyouts
    • BloggingStocks
    • WalletPop
  • Sports
    • FanHouse Main
    • NFL
    • NBA
    • MLB
    • NCAA Football
    • NCAA Basketball
    • NASCAR
    • NHL
    • Golf
    • Fantasy Football
  • Also on AOL
    • African-American Culture
    • Cars
    • Games
    • Maps
    • Money
    • Movies
    • Music
    • News
    • Radio
    • Sports
    • Television
    • Travel

Other Weblogs Inc. Network blogs you might be interested in:

PS3 Fanboy
  • This in-game XMB video is touted as "clearer"
  • Soulcalibur IV official website launches
  • BenHeck's one-handed controller available for preorder
WOW Insider
  • Don't get stuck in the Sunwell Plateau
  • Arcane Brilliance: Leveling your Mage, 20-40
  • The Light and How to Swing It: Levels 51-60
Xbox 360 Fanboy
  • Video: Spartan is the Fresh Prince of Zanzibar
  • Impossibly new Final Fantasy achievements added
  • Ninja Gaiden II demo slashes North America
Nintendo Wii Fanboy
  • Best Buy replenishes Wii Fit, Karate Kid stock
  • Another Week in Europe
  • Facebook app helps you keep tabs on Wii friends
PSP Fanboy
  • So this 'PSP' thing is doing pretty well in Japan
  • Special keychains for Japanese God of War event
  • Pre-order Bumpy Trot, get nifty pouch