Company's Bankrupt, But Midway Execs Get Greedy (Updated, Now with Less Greed)
Bailed-out insurer A.I.G. isn't the only in-the-toilet company doling out questionable bonuses to the very execs who ran it into the ground.For example, there's Midway.Ben Fritz, who pens Variety's The...
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Court Document: Midway Will Run Out of Cash in June
A heavily-redacted statement filed last week by mysterious Midway owner Mark Thomas has been added to U.S. Bankruptcy Court records.Despite the confidentiality edits, some interesting nuggets of...
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Midway Creditors Sue Former Owner, Mystery Buyer
Gamasutra reports that bankrupt Midway's unsecured creditors have banded together to bring suit against former owner Sumner Redstone (left), new owner Mark Thomas and several current and former board...
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Midway Creditors Reach Settlement With Mystery Owner
It appears as if Mark Thomas's brief and controversial reign as owner of Midway Games has come to an endBloomberg reports that Thomas reached a settlement with the bankrupt publisher's main creditors...
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Mortal Kombat Film Producer Sues Midway Over IP Rights
The man who brought Mortal Kombat to the big screen has sued Midway in U.S. Bankruptcy Court over what he claims are his intellectual property interests in the franchise. The suit may interfere with a...
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Midway Sale to Warner Bros. Gains Court Approval
A U.S. Bankruptcy Court judge has approved the sale of Midway to Warner Bros. for $33 million, reports the Chicago Tribune.No other bids were submitted.The decision apparently ends Mortal Kombat film...
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Rumor: Midway U.K. Studio Visited by CEO Booty, Workers Get the Boot
This one is strictly a rumor at this point, but a reliable U.K. source tells GamePolitics that Midway's Newcastle studio in the U.K. has been shut down this morning following a surprise visit by CEO...
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Midway HQ: Last One Out, Turn Out the Lights
Midway's fade into gaming oblivion continues with word that all 60 employees at the bankrupt firm's Chicago HQ will be let go in September.The cuts include CEO Matt Booty and other execs, reports the...
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Shareholders Lose Court Battle Against Midway
A United States District Court judge has dismissed a lawsuit brought against Midway Games by a group of shareholders who had alleged that the company artificially inflated its stock by deceiving the...
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Midway Sings Swan Song
It looks like the company known as Midway is sun setting, soon to fade away forever. On May 21, U.S. Bankruptcy Court Judge Kevin Gross approved a liquidation plan that will see Midway pay back less...
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