Factor 5′s American studios closed today. The company responsible for hits such as Rogue Squadron, and misses such as Lair has officially closed its doors today. Even with the rumored Kid Icarus title in development for Nintendo, it must have not been enough to keep things moving forward. Even Superman could not save the ailing company.

Achim Moller, former CEO, said, “The obstacles created by the sudden bankruptcy of Brash Entertainment for the continuation of operations have turned out too great to overcome in the current economic climate.”

We wish the employees of Factor 5 the best here at GamerLimit, and hope they find new employment quickly.

Source: Shacknews