"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," reads a statement from Factor 5 GmbH CEO Achim Moller.
While Factor 5 Inc., formed in 1987, is officially no more, the "entirely unrelated" Factor 5 GmbH--said to have been "creating games since 1998"--is not affected by the "circumstances surrounding Factor 5 Inc.'s recent challenges," Moller explained.
Factor 5 Inc. was known to be working on a number of multi-platform projects, one of which was strongly rumored to be a Superman title. Whether those projects live on at Factor 5 GmbH, which promises to reveal its titles in the coming months, is unknown.
Regards out to the devs... I interviewed with them at last years GDC... I'm kinda glad that fell through along with some of the other companies I interviewed with... The Game Dev Industry is a scary place these days....