Cheyenne Mountain Entertainment, the studio working on the Stargate-based MMO Stargate Worlds, has filed for bankruptcy. They've posted an open letter to its shareholder on their website stating that they don't have any employees and that a judge "has ordered on March 15th, that Edward "Ted" Burr of Sierra Consulting Group ("Sierra") be appointed as receiver to take over the assets, affairs, management, operation and control of Cheyenne Mountain Entertainment, Inc. ("CME") and its subsidiary Cheyenne Mountain Games, Inc."
This is probably the end of the long saga that is Stargate Worlds, with Stargate Resistance falling into the hands of a new company called Fresh Start Studios. The principals "behind FSS are some of your fellow concerned shareholders of CME and CMG", the statement says. "They have taken this step in an effort to preserve the game and prevent it from going offline because they felt there was no other alternative."
The full text, with all the legal talk, is as noted available on Cheyenne Mountain's website.