Atari reaches settlement with ex-Reflections boss announces that Reflections Interactive founder Martin Edmondson has scored an over $4 million payoff for the unfair dismissal lawsuit he filed against Atari. Word is:

Financial documents released last week by Atari, as reported by Gamasutra, reveal that Edmondson filed suit the following March, alleging "constructive unfair dismissal as a result of Reflections alleged repudiatory breach of a contract of employment that necessitated Mr. Edmondson’s resignation."

The documents state that Edmondson withdrew his claim last August after reaching a settlement agreement with Atari. The publisher agreed to issue Edmondson with 1,557,668 shares, valued at USD 2.1 million, plus a cash payment of USD 2.2 million.