EA Chicago Shutting Down?

According to a reliable industry tipster, EA Chicago is closing its doors. Kotaku received this information:

Just heard from some friends still working at EA Chicago that the studio is being closed. A company meeting to announce this is going on right now. Also, the Def Jam Icon sequel is canceled. No word on who will be finishing the Marvel fighting game. Roughly 170 people work at EA Chicago now.

As of right now, some employees seem to be locked out while others are in the midst of a meeting. We will keep you updated if we hear anything about this breaking situation.

[Via Kotaku]