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Aruze then decided to shutter all of SNK's operations outside of Japan. SNK USA, then called SNK Entertainment, closed. The North American rights to MVS coin-op distribution were sold to Apple Industries, and the rights to the Neo Print photo system were sold to Apple Photo Systems. Obviously, with no revenue coming in from North America or Europe, SNK's earnings went into an even speedier tailspin. A group of Aruze's shareholders, primarily those that owned stock in SNK Corporation, filed suit against Aruze in 2000, accusing the company of being directly responsible for SNK's operating losses, which totaled nearly 27 billion yen (roughly $260 million). Between the lawsuit and SNK's growing debts, Aruze decided to put SNK into bankruptcy. Ironically, during the process, Aruze sold the intellectual property rights for King of Fighters and other SNK franchises to BrezzaSoft--the company partially owned by SNK's former founder, Eikichi Kawasaki. SNK ceased to be on October 22, 2001. After SNK closed, Mega Enterprise went on to develop and publish Metal Slug 4, which is regarded as the weakest entry in the series. BrezzaSoft would ultimately publish King of Fighters 2001 and 2002, which were developed by South Korean developer Eolith, another company partially funded by Kawasaki. The only other SNK-related franchise to see the light of day after the company's departure was Metal Slug.
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