Index, the parent company for Japanese game maker Atlus, just filed for what sounds like bankruptcy. The company is entering "civil rehabilitation proceedings" in order to cut off the corporate bloodletting before it becomes fatal. Geez.
NeoGAF user Mandoric has a good definition of Japanese Civil Rehabilitation Law that should help you understand the legalese.
This comes as Index is under investigation for shady business practices. Oh, there's a new Etrian Odyssey game out today, too.
民事再生手続開始の申立てに関するお知らせ [Index]
Update: We've received the following statement from Atlus president Naoto Hiraoka:
Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected by the Index Corporation proceedings in Japan. We’re carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and August 6 respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support.
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