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TimeGate Studios files for bankruptcy

As if SEGA needed any more negative attention over its disappointing Aliens: Colonial Marines after it was revealed yesterday that a class-action lawsuit has been brought against the company, another interesting turn of events happened today. One of the game’s developers, TimeGate Studios, filed a petition for Chapter 11 bankruptcy, according to Polygon.

The petition lists nearly 50 creditors that TimeGate owes money, with total liabilities upwards of $50 million, including nearly $35 to a pizza shop.

Gearbox Software has garnered a lot of criticism for outsourcing large parts of Colonial Marines to TimeGate, which many gamers believe is one of the primary reasons for the game’s lack in quality. The game met such poor critical and retail acceptance that SEGA was forced to cancel the Wii U version altogether.

[Via Polygon]

Chris Powell

Chris is the editor-in-chief at SEGA Nerds and Mega Visions Magazine. Over the years, he's written for publications like Joystiq, PSP Fanboy, RETRO magazine, among others. Oh yeah, he's also been a diehard SEGA Nerd his entire life.

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