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Game Publisher Acclaim Sued by Developer, May Face Bankruptcy

Authored by Mark Hefflinger on July 7, 2004 - 6:53am.
Reno, Nev. -- Video game developer BattleBorne Entertainment announced on Wednesday that it has won a preliminary injunction against the release of its "Combat Elite: WWII Paratroopers" title by publishing partner Acclaim Entertainment, which it sued for breach of contract. Nevada-based BattleBorne claims Acclaim failed to make payments and threatened to release the title before all payments were made. The news is just the latest woe for New York-based Acclaim, whose shares have dropped nearly 20% this week after the company revealed on Friday that it may need to seek bankruptcy protection if it cannot obtain new bank financing.
http://biz.yahoo.com/rb/040702/leisure_acclaim_2.html
http://www.combatelitegame.com

tags: Games | Developer | Acclaim | Bankruptcy |



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