Tag Archives: Bankruptcy

CaseLabs might not be a name that you hear often, but the company is renowned for its quality enthusiast-grade cases. Over the years, CaseLabs has made quite the name for itself, but unfortunately, the company has fallen into bankruptcy and liquidation. This means that CaseLabs will be closing down permanently …

The online game marketplace, Desura, has filed for bankruptcy shortly after reports that developers had not been paid for their sales on the platform. The lack of payment for small indie developers has apparently been going on for months, similarly to when Crytek UK were having issues and could not …

Its been a long time coming but RadioShack, which opened its doors in 1921, has now filed for Chapter 11 bankruptcy in the US and it will be selling off more than half of its stores to cover debts. Standard General is set to purchase up to 2,400 stores, with the remaining 1,750 …

Crytek has launched its free to play shooter, Warface, amid reports of the developer's financial troubles. Warface is the latest free to play title to hit Steam, it has also been made available on the Xbox 360. Crytek is banking on this game being a success as it is promising …

BlackBerry sales have taken another dive thanks to poor adoption of the BlackBerry 10 platform. The troubled phone maker posted a fiscal fourth quarter loss of $423 million down from a $98 million profit last year. Revenue also fell 64 per cent to $976 million. According to Thomson Reuters, analysts …

Mt Gox, one of the world's longest running and most respected bitcoin exchanges disappeared from the web last week, with a single message replacing its usual bustling site and all its tweets deleted. Now we know that the site has gone belly up, but why? Mostly because it lost over …

While a lot of news overage has been given to the state of developers working under the THQ banner, like Relic Games, Vigil and others, not much attention has been given to the middle-management, the PR guys, the HR, admin, legal teams and all the other invaluable positions held by …

For those of you that were feeling sad and nostalgic for the long time high street retailer HMV, fret not, as Hilco, the company that bought up HMV Canada a couple years ago, has now stepped in and put the brakes on HMV's demise and has promised to restructure and …

In what is unlikely to be a surprise for anyone at this point considering the downward turn the publisher has taken in the past year, THQ has filed for bankruptcy. Fortunately though, it already has a buyer that is willing to keep all staff on and continue all current game …

One of the four men charged with facilitating copyright infringement as part of the Pirate Bay (TPB) trial and bankroller of the site's early days, Carl Lundström, has filed for personal bankruptcy. At this stage, after interest increases and additions, the four collectively owe 76 million Kronor (£7.2 million), but …