Receiver appointed to guide bankrupt Mesa game studio

A receiver has been appointed to oversee things at Mesa-based video game developer Cheyenne Mountain Entertainment as it goes through Chapter 11 bankruptcy, according to a news release on the company’s website.

Last month, Cheyenne Mountain Entertainment filed for bankruptcy just days after releasing a third-person PC shooter, Stargate Resistance, in lieu of the long-delayed MMORPG Stargate Worlds. Around the same time, the company announced it had fired chairman and CEO Gary Whiting and accused him of wrongdoing against the company. This led to confusion over who was in charge.

“The above actions have effectively ended the six week battle over control of the companies that began on February 3rd with the filing of a complaint in Superior Court by shareholder plaintiffs requesting appointment of a Receiver,” the company announced. “It is uncertain at this time what the effect of these actions and the pending bankruptcy proceeding will have on the Company’s operations and financial condition. The Receiver will be attempting to bring stability to the Company as it seeks solutions to its financial problems.”

Via the MMORPG Examiner

Subscribe for free updates!


View previous campaigns.

Powered by MailChimp

Nerdvana Media will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at We will treat your information with respect. For more information about our privacy practices please visit our website. By clicking below, you agree that we may process your information in accordance with these terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.