ZDnet News Blog

Publisher Tecmo’s share price has plummeted more than 10 percent since news broke that Tomonobu Itagaki had both sued the company and handed in his resignation.

Earlier this week it emerged that Itagaki had filed a complaint with the Tokyo District Court against his employer Tecmo for unpaid completion bonuses, and against the company’s president for “unreasonable and disingenuous statements” made towards him.

He announced that he was claiming 148 million yen ($1.4 million) in damages and leaving his post on July 1.

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Tecmo has defended its position in the conundrum over Itagaki’s resignation and lawsuit against the company announced yesterday.

The company says the “unpaid completion bonuses” Itagaki speaks of were an agreement of previous management, and that Itagaki had been paid his dues in the form of annual bonuses.

“Our company getting sued by this employee is huge problem,” said Tecmo, going on to claim that his “reasons for making this lawsuit public are self-centered.”

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