Each of Electronic Arts offices are in charge of their own projects. Chicago was in charge of "Fight Night" and a couple other titles which I can't remember. I guess the Chicago office and one in Chelsea England couldn't turn a profit, so they were the first to get cut in a company restructure. It really is a shame. Midway games is also on the verge of bankruptcy, and will probably close or sell off their intellectual rights if it can't pull a major profit out of Unreal3. More on the EA shutdown in the link.
http://www.mercurynews.com/businessheadlines/ci_7393022