Why do I care about this? I don't know. Palladium's in Michigan, and I've lived here in Michigan most of my life. I have a soft spot for some of the old Palladium games, freakish as they are (Ninjas & Superspies, TMNT, maybe Beyond The Supernatural, and the original tiny Mechanoids booklet). Also I am a sucker for tabloid scandal. If the blog hadn't already made that clear.
Anyway, Uncle Bear has more on the Palladium crisis. Turns out (unsuprisingly) that this wasn't actually that recent, that at least as far as the Law is convinced, he was off by a couple orders of magnitude on how much was stolen from him (5 figures instead of 6 or 7).
I wonder if he was thinking of Mega-Financial-Damage-Capacity instead of plain old Financial-Damage-Capacity?
Go read if you care about this stuff. Uncle Bear's always a good place to go for mainstream game news.