Former Majesco Santa Monica artist Valerie Schoman revealed that Majesco has decided to shut down the Los Angeles, California-based studio. A few years back, Majesco found itself in a spat of financial trouble, but after some rigorous cutbacks and restructuring has been on the path to recovery, so it comes as a surprise to hear about the closure. The L.A. studio developed two NDS titles (one due soon) and was said to be working on its first Wii game (thanks superannuation).