Uh ... surprise? MV Creations announces that it's cutting ties with troubled CrossGen.

Very early this morning, MVC's Val Staples told The Pulse:

"CrossGen had a great plan in place and a great offer. Based on what we had seen, what we had been shown, and what others had told us, we all felt they were a good choice for an increase awareness and bigger presence, especially in the trade market.
But, things have have continue to worsen on the financial end over the past few months. We couldn't continue to stay with CrossGen if they couldn't fulfill their end of the bargain."

Newsarama offers its take on the matter, with more extensive quotes from Staples.