38 Studios and Big Huge Games collectively owe $270 million to their creditors. I can’t fathom how they could owe so much money given their projects. The prospect of a combined state police and FBI investigation is also grim news.

38 Studios declares bankruptcy, under investigation by feds

Kingdoms of Amalur publisher 38 Studios has declared bankruptcy after failing to secure financing from the state of Rhode Island or outside investors to continue its operations.