Tag Archives: Rhode Island Economic Development Corporation
Sat, Oct 26, 2013 | 22:07 BST
Depositions in the 38 Studios lawsuit brought upon the company by the Rhode Island Economic Development Corporation (EDC) stated this week. The first set of questioning started Thursday with an executive at First Southwest, which served as financial adviser to the agency in its $75 million loan to Curt Schilling’s now defunct game studio. Former EDC executive director Keith Stokes and deputy director Michael Saul are set to be questioned in November. A lawsuit accusing the Kingdoms of Amalur developer of “fraud, negligence, breach of fiduciary duty, racketeering and conspiracy” as well as misleading Rhode Island’s economic development agency was brought against the company by the state, with other defendants including four former 38 Studios executives and its insurer. Via The Charlotte Observer (Polygon).
Wed, Sep 11, 2013 | 17:22 BST
The SEC is investigating the $75-million taxpayer-backed loan given to Curt Schilling’s 38 Studios by the Rhode Island Economic Development Corporation.
Fri, May 25, 2012 | 09:20 BST
Wed, May 16, 2012 | 22:07 BST
Curt Schilling asked the Rhode Island Economic Development Corporation and the state’s governor Lincoln Chafee in an emergency meeting today for additional help to save 38 Studios.