Although some of that is not correct, the outcome was the same (Rackham bust, Cyanide bought the rights), and I don't have time now to do a full timeline (and much of the timeline is only being guessed at by anyone outside of the company anyway, regardless of appeals to authority otherwise).
Cyanide was already working on a PC game set in Aarklash, so when Rackham went bust, they HAD to buy the rights. Lets say I had bought the rights, and told Cyanide they couldn't release the game any more. That would have been at least two years work down the drain for Cyanide, so they bought the rights, and are going to release the PC game as planned. What happens from here is anybodies guess. There is still (as far as I know) a law suit going where JB was trying claim Rackham didn't have the rights by the end, and therefore they couldn't have been passed to Cyanide as part of the collapse, and they should still be with him. If we put that legal action to one side, and assume Cyanide are the rightful owners of the property.... If their game does well, I assume they'll keep the rights and milk them in the form of videos games, and we'll never get another miniature line officially based on them. If their game bombs, then I expect they'll off-load the rights, at which point maybe we'll get new miniatures.