Imageepoch, the studio behind Stella Glow, has filed for bankruptcy. This is just one of many stories that have come from the famous studio; The president of Imageepoch, Ryoei Mikage, went missing last month and there have been numerous reports that Imageepoch had laid off staff.
Imageepoch as well as its affiliate Smile Online Game have reported debts of up to $11 million and $30,000 respectively. Fortunately, Stella Glow is still scheduled to be released in the West later this year.
(via Nintendo Life)