The tale of Aliens: Colonial Marines’ mismanagement gained an additional layer on Wednesday when the game’s co-developer TimeGate Studios filed for bankruptcy protection with the Texas Southern Bankruptcy Court.
TimeGate’s bankruptcy protection filing comes on the heels of a 2009 legal battle with SouthPeak Interactive, in which SouthPeak was awarded $7.35 million and full control of the embattled Section 8 license. The final ruling on the arbitration award is pending within the U.S. Court of Appeals; in the bankruptcy protection petition, TimeGate listed their financial obligation to SouthPeak as "unknown."
via Gamasutra – News – TimeGate in turmoil, owing creditors for engine licensing, pizza.
TimeGate in turmoil, owing creditors for engine licensing, pizza
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