Report: Factor 5's Superman Game in Limbo, Publisher Brash Out of Cash

Reports indicate that licensed game publisher Brash has essentially run out of cash, leaving many of its projects, such as an unannounced Superman game from Lair (PS3) and Star Wars: Rogue Squadron series (N64, GCN) developer Factor 5, in limbo.

According to Variety, the publisher has laid off 20 employees and is seeking to raise funds by pairing with other companies, returning some of the licenses it holds, or selling them to another publisher. Only two of the company's many planned games are still confirmed for release: Six Flags Fun Park and Saw.

While the Superman game was unannounced, Brash previously confirmed a development partnership with Factor 5. Other games in danger are Prison Break, Night at the Museum 2, 300, Clash of the Titans and Tale of Desperaux. The report further claims that Brash has stopped paying developers for their work.

Upon its formation last year, Alvin and the Chipmunks publisher Brash announced that it has raised over $400 million in funding. But not all of that money was delivered upfront, with Variety reporting that most of the undelivered cash has "dried up" in the current credit crisis. The company has also suffered three high-profile depatures.