38 Studios' founder Curt Schilling now claims he is "tapped out" after spending over $50 million of his own money to help fund the now shut down 38 Studios.
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38 Studios had filed for Chapter 7 bankruptcy, meaning that the company will be liquidated. Meanwhile, a criminal probe into what happened at the game development studio has been launched.
38 Studios, who fired all of its employees earlier this week, has now stuck some of them with second mortgages to pay after the developer didn't sell the employees' former homes as promised.
The troubled 38 Studios has finally released the first in-game trailer from Project Copernicus, its long-in-development MMO game that's now got a release date of June 2013.
38 Studios founder Curt Schilling is asking the state government of Rhode Island for more help even as the game developer missed a required loan repayment to the state earlier this month.
The fate of Kingdoms of Amalur: Reckoning game developer 38 Studios is currently uncertain as reports are coming in that the company may be suffering from financial issues.