Mad Catz files for Chapter 7 bankruptcy and shuts down
 

Gaming peripheral company Mad Catz is finally closing after filing for bankruptcy. As of yesterday, March 30, the company shut down and is now selling off its assets. Polygon notes that the company filed for Chapter 7 bankruptcy rather than Chapter 11, meaning that it does not intend to restructure and will liquidate its assets.

http://techreport.com/news/31678/mad...and-shuts-down