38 Studios Officially Declares Bankruptcy, Investigation to Begin
By Tim Colwill on June 8, 2012 at 1:48 pm
After a prolonged series of death throes, Kingdoms of Amalur developers 38 Studios have declared bankruptcy. State and federal authorities are now said to be launching an investigation into the company’s finances and its decline, including $8.5m worth of loans “based on state film tax credits that had not yet been issued”. The Rhode Island Governor has vowed to get every “penny, nickle and dime” possible back for the taxpayers.
Source: Massively. Thanks to Bradley Cecchin
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