When developers go bad (bankrupt)

[davislane1]

[FONT=arial]According to documents obtained by WPRI, 38 Studios owes between $100 million and $500 million, spread across at least 1,000 creditors. The company estimated its assets at between $10 million and $50 million, saying in court documents that it does not have the funds necessary to make good on the payments.[/FONT]

-- http://e3.gamespot.com/story/6381395/amalur-dev-files-for-bankruptcy-fbi-investigating

When I first heard that 38 Studios was going under I was a bit disappointed because I thought they had put out a decent IP. I was looking forward to future releases. But $100-$500 million in liabilities?! Insane.