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Midway Games Inc. (MWY)
Midway US files for reorganisation in Bankruptcy Court
Midway US files for reorganisation in Bankruptcy Court
GamesIndustry - February 13, 2009
Submitted by dryden (283) at 5:12PM PST on February 12, 2009
Midway Games has announced that the company and its US subsidiaries have filed for Chapter 11 bankruptcy in the courts.
This action, which will not impact on the company's non-US operations, is intended to allow the company to continue operating in the face of overwhelming debt triggered by the sudden sale of the majority of shares by Sumner Redstone.
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