Announced today by Tecmo, a judicial settlement was reached regarding the two Team Ninja employees who sued the company for unpaid wages due to being placed in a "flexible hour" working schedule--resulting in over 100 unpaid overtime hours within 300 employees.

Here's Tecmo's statement regarding the announcement:

"Settlement for the Lawsuit Has Been Reached On July 16th, two of our employees brought suit against our company regarding unpaid overtime in the Tokyo District Court and presented a proposed settlement. On September 1, 2008, a judicial settlement was reached."

It's still uncertain whether former Tecmo employee Tomonobu Itagaki's initial suit will soon be settled. However, the two employee's "flexible hour" suit was filed after Itagaki's unpaid bonuses claim against Tecmo. In more recent news about the Ninja Gaiden company, former CEO Yoshimi Yasuda resigned last August 20, citing "personal reasons" for his departure, and the company is still "in talks" in merging with Dynasty Warriors publisher company Koei.

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