Ten Ton Hammer - Taking MMO Gamers to the Next Level!

We're into the name calling now.

We were all shocked last week by the sudden closing of Flagship Studios, the holders of the Hellgate: London and Mythos IPs. Almost immediately as rumors of layoffs started to fly, HanbitSoft, the Korean manager of burst onto the scene claiming Flagship was defunct, and that they were the new owners of both IPs before Flagship had even confirmed that it had laid anyone off.

Then, yesterday it was announced that while Flagship Studios may have laid all of their employees off, the executives were still at the company, working like madmen to make something good come about. Rumors are flying that this bare bones Flagship is going to try and release Mythos - it's upcoming game that was in late beta when everything went down. It will work if Mythos can pay the bills before it defaults.

But, as you can imagine, HanbitSoft is none too pleased with this. Surprised that Flagship didn't just curl up and die, they are now preparing a legal suit to wrest the IPs from Flagship, whether they default or not. They've also resorted to name calling.

HanbitSoft also stated, “Flagship not only lacked effort, but were only looking for personal gain. Firing all of the Flagship employees in order to protect the personal interests of its founding members only shows how selfish and irresponsible they are.”

Flagship Studios is an incorporated company. Hence if any problems occur within this company, it doesn’t affect the finances of any of Flagship Studios’ founders.

HanbitSoft said they are going to take legal proceedings as Flagship Studios is legally responsible for a serious breach of duty in not protecting their stockholder’s rights. The legal proceedings will be done against Flagship’s founders and management people for their intellectual property. HanbitSoft currently owns a 9.5% stake in Flagship Studios.

If that doesn't sound like "You're sooo immature. I'm gettind Dad!", I don't know what does.

You can read the full recap of the Flagship Studios story here.