Local pizza shop said to be devastated.
By Tim Colwill on May 3, 2013 at 11:36 am
After laying off nearly 30 staff in March, Timegate studios has now filed for Chapter 11 bankruptcy protection in the state of Texas.
Timegate, which became infamous recently after it was revealed that it was the developer outsourced by Gearbox to complete the embarrassingly poor Aliens: Colonial Marines, was hit with a $7 million lawsuit by SouthPeak Interactive over the development of another shooter, Section 8.
The filing by Timegate lists a number of creditors, ranging from Epic Games, SouthPeak Interactive and Agora Games, all the way down to a local pizzeria to whom they owe $34.80. Yes, really.
Timegate recently announced their new shooter Minimum, which at this rate is looking unlikely to make it to completion.