Recently? I could see that happening a decade ago but I think it would be harder to do now, especially at the (A)AA level. Still, the video game industry remains volatile and a lot of independent developers are one missed milestone payment away from layoffs if not shutdown.
Yup, last story I heard was ~3 years ago. With the game industry there's always a new set of fresh blood that has idealistic views and hasn't seen what publishers(or exploitative dev studios) can pull.
