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38 Studios declares bankruptcy, authorities investigating company finances

Thursday, 7th June 2012 18:35 GMT By Stephany Nunneley

Curt Schilling’s 38 Studios has declared bankruptcy, amid Rhode Island and federal authorities opening an investigation into finances at the firm were handled. According to a report on The Providence Journal, the state police, as well as the state attorney general’s office, the US Attorney’s office and the FBI are investigating where “both the money that came from the state as well as the money that came from Bank Rhode Island,” went as well as “ctivities that have recently come to light at 38 Studios.” More on Joystiq

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2 Comments

  1. ManuOtaku

    I will correct that, publishers won again.

    #1 3 years ago
  2. DSB

    This could turn out to be huge.

    I think it’s extremely suspicious that a state would put up 75 million to back a loan for a single business.

    #2 3 years ago

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