Former Infinium Labs VP Files Multimillion Dollar Lawsuit

Terry Nagy, a former executive vice president of Infinium Labs, is suing the company and its principal officers for fraud and breach of contract. Nagy alleges that Infinium Labs used him for his knowledge of the video game industry, and while promising him a big payoff in shares of company stock, let him go without compensation.

"It's very clear what happened here," said Nagy's attorney, Michael Hurst of Godwin Gruber in Dallas. "Infinium used Terry, plain and simple. They used his knowledge and contacts, and even made him a corporate officer. Then, just as the payoff was about to happen, they dumped him over the side."

News source: GamePro

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