August 17, 2001
Founder, creditors differ as to Loki's future course
Author: JT Smith
LinuxToday offers new information on the recent Ch. 11 bankruptcy filing for Linux games publisher Loki Software. The bankruptcy filing came about immediately after fired Loki employee Mark Lance Colvin was awarded $247,000 by the California Labor Board for 19 months of mostly-unpaid wages, and for repayment nearly $100,000 he had loaned the company via his credit cards, helping Loki to meet payroll obligations for other employees. Loki founder Scott Draeker said the bankruptcy was needed because it would have been "unfair" to let one creditor "gut" the company.
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