This action became necessary as a result of significant unforeseen expenses associated with attempts to expand its core business to encompass externally licensed events.
This came after Tuesdays announcement that they were being sued by Lucasfilm.
Last month Lucasfilm Ltd. filed suit against Gen Con LLC in the U.S. District Court for Northern California alleging that Gen Con failed to uphold its legal obligations in terms of financial reporting, accounting and payments to Lucasfilm stemming from the Lucasfilm sanctioned Star Wars IV Celebration event, which was held in Los Angeles in May of 2007.It's not supposed to effect the GenCon Indy event this year:
Gen Con Indy, remains a vibrant, profitable event. Gen Con Indy will take place as scheduled August 14–17, 2008, in Indianapolis, Indiana.