Atari and Reflections Settle

February 28, 2006

Posted at 11:18 pm in Industry

GI.biz reports that Reflections founder Martin Edmondson has received over $4 million for his “unfair dismissal” by Atari some time ago. Scoop:

Financial documents released last week by Atari, as reported by Gamasutra, reveal that Edmondson filed suit the following March, alleging “constructive unfair dismissal as a result of Reflections alleged repudiatory breach of a contract of employment that necessitated Mr. Edmondson’s resignation.”

The documents state that Edmondson withdrew his claim last August after reaching a settlement agreement with Atari. The publisher agreed to issue Edmondson with 1,557,668 shares, valued at USD 2.1 million, plus a cash payment of USD 2.2 million.

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