Playlogic Subsidiaries Declare Dutch Bankruptcy

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PlaylogicIn a very brief filing with the United States Securities and Exchange Commission, Playlogic confirmed that two of its subsidiaries have filed for the "Dutch equivalent of Chapter 11" bankruptcy and are seeking a delay of payments. The company cites "tough market conditions, late payments by large customers and...delays in projects." Undoubtedly, the poor critical reception of games such as Infernal: Hell's Vengeance and Fairytale Fights hasn't helped their financial position.

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This page contains a single entry by Editor published on July 29, 2010 2:19 PM.

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