NJ5 said:
Only? It sold 0.37m copies in NA and Japan. Assuming every copy cost $60, that's 22.2 million of revenue, only a part of which goes to the developer. That doesn't account for Others sales, but of course we know many of the copies were bundled. Lair was a flop by any standard, especially financially. The only question is how the losses got distributed between Sony and Factor 5.
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But you are forgeting Europe. Assuming it only sold 130k there lair made 30mil revenue. It obviously was a flop but I doubt 5mil would make a difference on going bankrupt in this kind of situations.