Game Over For Atari As Arcade Giant Enters Ch. 11

Law360, New York (January 22, 2013, 2:31 PM EST) -- A darling of the 1980s, French video game company Atari SA and its U.S.-based arm filed for Chapter 11 bankruptcy on Monday, unable to keep up with the modern video gaming industry despite the success of its classic arcade games like "Asteroids" and "Pole Position."

Atari Inc. and its subsidiaries, Atari Interactive Inc., Humongous Inc. and California US Holdings Inc., filed their voluntary petition in Manhattan bankruptcy court and say they expect to either sell or restructure all or most of their assets in the next...
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