1UP is reporting that employees, possibly numbered in the dozens, are leaving Team Ninja. What's more, these former Tecmo employees are said to be filing a class action lawsuit against their ex-employer for unpaid bonuses. This comes not soon after it was revealed that Team Ninja head Tomonobu Itagaki announced he is leaving and suing Tecmo.

After the publicly revealed departure of Itagaki, Tecmo issued a statement saying that Team Ninja was still intact, at least at the time. This did not stop the company's stock from taking a significant hit. Japanese law compels Tecmo to reveal any lawsuits on the same business day they are filed, so it should be known soon whether or not these resignations and lawsuits are true.