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38 Studios settlement bill passed by RI House of Representatives

The Rhode Island House of Representatives has voted to pass a bill to expedite out-of-court settlements of its lawsuit against 38 Studios.

According to NBC 10, the bill passed in a vote of 53-16, and now needs only be signed into law by governor Lincoln Chafee.

Rhode Island is suing 38 Studios officials as well as banks and advisors, claiming misinformation and mismanagement leading to the state issuing a $75 million loan to the developer, which went bankrupt. The bill will encourage settlements in this suit by preventing co-defendants from suing each other for damages.

Rhode Island will soon vote on a second bill determining whether it should default on the loan.

The Rhode Island vs 38 Studios saga is a long and involved one; the latest figure to weigh in is Sony Online Entertainment president John Smedley, who claims Chafee scuttled the studio.

Thanks, Joystiq.

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Brenna Hillier avatar

Brenna Hillier

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Based in Australia and having come from a lengthy career in the Aussie games media, Brenna worked as VG247's remote Deputy Editor for several years, covering news and events from the other side of the planet to the rest of the team. After leaving VG247, Brenna retired from games media and crossed over to development, working as a writer on several video games.

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