Lair and Rogue Squadron developer Factor 5 has closed its San Rafael studio.This comes following a lot of financial problems that occured when Brash Entertainment went bankrupt. The official line is on the front page of the Factor 5 website, in which Achim Moller, the CEO of Factor 5 GmbH, writes:”We are sorry to announce the closure of the San Rafael-based Factor 5, Inc. studio, but 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.”Factor 5 GmbH, which has been creating games since 1988 with its headquarter in Cologne, Germany, is entirely unrelated to Factor 5, Inc. and the circumstances surrounding Factor 5 Inc.’s recent challenges. Although we are saddened by Factor 5 Inc’s situation, our corporation will remain unaffected by these developments and has partnered with both old and new friends in the industry who will reveal our upcoming projects over the next months.Moller closes out by thanking the team. “We would like to thank everybody on the publishing and development side who have supported us throughout the last 20 years and continue to do so. The current transition of the games industry is challenging, but as with transitions prior there is more opportunity than ever for independent development out there.”The titles that Factor 5 GmbH is working on are currently unknown, although speculation is that it’s a non-Virtual Console game for the Wii.