In a move that was highly expected, financially troubled publisher Midway has announced that it has decided to file for Chapter 11 bankruptcy protection. The company has been under massive economic pressure for some time and today's move was called the "....next logical step in an ongoing process to address our capital structure."

Midway will continue to run its operations as usual through the Chapter 11 process. The company did not announce any layoffs today and it's not known how this new move will affect their two announced upcoming games, the action driving game Wheelman and the open world action game This is Vegas.