38 Studios declares bankruptcy, authorities investigating company finances

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

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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