Cheyenne Mountain Entertainment has filed for Chapter 11 bankruptcy protection in the latest twist in the ongoing saga surrounding development of Stargate Worlds, the planned MMORPG based on the Stargate property. This comes in spite of the recent release of Stargate Resistance, a third-person shooter it was hoped would infuse the company with enough cash to properly complete the project. This is according to Massively, where they have word that this chapter in the story goes deeper than that, saying: "Now, news has come to light that not only has Cheyenne Mountain Entertainment filed for Chapter 11 Bankruptcy protection, but they've also severed all ties with Gary Whiting -- former Chairman and CEO of CME. Add to that, the shareholders and Cheyenne Mountain have joined forces against Whiting in civil case (CV2010-003106) filed in Maricopa County, naming many other ventures including the curious 'interactive social network,' MMOGuls Inc. as co-defendants, in a civil complaint 'alleging various wrong doing against the Company'."
There's an Official FireSky Statement from the game's development team on the forums discussing the situation, saying: "That said, our entire staff is in-house working on upgrades and expansions for Stargate Resistance, and we continue to be motivated and excited by the response we’ve received from our customers." The full statement follows.
All trademarks are properties of their respective owners.
News CGI copyright © 1999-2014 James "furn" Furness &
All rights reserved.
Chatbear v1.4.0/blue++: Page generated 1 October 2014, 19:26.