Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

TimeGate in Chapter 11

Texas-based developer TimeGate Studios has filed for Chapter 11 bankruptcy protection in Texas Southern Bankruptcy Court, reports Polygon, where they say they have seen the relevant court papers. They say the Section 8 developer and Aliens: Colonial Marines codefendant has fewer than 50 creditors and somewhere between $10 million and $50 million in liabilities, which presumably includes the $7.35 million in compensatory damages they owe SouthPeak Interactive after recently losing an appeal of their court case over Section 8. TimeGate, who just last month announced a minimalist shooter called Minimum, has not yet commented on the situation.

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
Heroes of the Storm in June
Warhammer 40,000: Regicide Early Access Next Month
Star Wars Battlefront Video Diary
Alan Wake 2 Prototype Video
Fermi's Path Released
Assassin's Creed Chronicles: China Trailer
Lovely Planet Demo
On Sale
Evening Interviews
Evening Mobilization
Evening Metaverse
Evening Tech Bits
Evening Safety Dance
Evening Legal Briefs
etc., etc.
Into the Black
Orcs Must Die! Unchained Beta 2
Firefly Cast Returns for Firefly Online
Grand Theft Auto V Maxed Settings Video
U.K. Sales Charts
  

 



footer

Blue's News logo