It looks like Lair developer Factor 5 and Haze dev Free Radical may be sharing more than just a disappointing PS3 title. Following recent confirmation of Free Radical's bankruptcy, we how have rumors of Factor 5 closing down.

According to Kotaku, IGN's Matt Casamassina received and posted the following email on the IGN boards:

(Casamassina) [I w]as hoping the rumors weren’t true. Contacted Julian over at F5 to shed some light, but he didn’t get back to me. Got an e-mail from an inside source tonight:

“Hi Matt,

How have you been? Haven’t seen you guys since E3. I hope that you’re doing well!

[Redacted] wanted me to contact you with some late breaking news. We just learned from inside sources that developer Factor 5 has officially closed their doors as of today. That’s some pretty big news considering that those guys have been around for quite a while. It’s definitely a real shame! I hope that this information is helpful to you. Take care, and please say hi to Bozon for me.”

Man, lots of bad news this Christmas, especially for the guys who actually work at these companies. As for gamers, well, nobody will probably miss a Lair sequel, but that wasn't Factor 5's only game. If this turns out to be true, say bye-bye to any new Turrican or Rogue Squadron games.

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• Haze dev Free Radical goes bankrupt