Lincoln Chafee

Lincoln Chafee headlines

• Rhode Island General Assembly proposes bill to encourage settlement in 38 Studios lawsuit

  The Rhode Island General Assembly introduced a bill on Wednesday, January 8 which would resolve the $75 million debut incurred through a loan given to 38 Studios.

• SEC subpoenaes RICC for more information pertaining to 38 Studios investment, subsequent lawsuit

  In September, the US Securities and Exchange Commission (SEC) began an investigation into the $75 million loan handed to 38 Studios by the state of Rhode Island’s Economic Development Corporation (EDC), which as of January 1 was renamed the Rhode Island Commerce Corporation (RICC). Today, it has come to light that the SEC has subpoenaed […]

• Project Copernicus is "a lot of junk", says RI governor

  Project Copernicus, 38 Studios’ unfinished MMORPG set in the Kingdoms of Amalur universe, is pretty rubbish, one politician has opined.

• Former RIEDC head accuses Rhode Island governor of blocking 38 Studios' attempts to avoid bankruptcy

  The former head of the Rhode Island Economic Development Corporation has accused Rhode Island governor Lincoln Chafee of blocking attempts made by 38 Studios to handle debt and raise capital before it file for bankruptcy.

• 38 Studios is being sued by Rhode Island

  Lawyers for the Rhode Island Economic Development Corporation are suing the architects of the $75 million taxpayer-guaranteed loan granted to bankrupt Kingdoms of Amalur dev 38 Studios in 2010.

• Chafee's scare tactics for political gain sabotaged 38 and Big Huge Games, says source

  A Big Huge Games employee, speaking under anonymity with Gamasutra, has said Rhode Island governor Lincoln Chafee is partly to blame for the demise of 38 Studios and Big Huge Games. The source claims the governor, who was opposed to the deal cut with the firms by former governor Donald Carcieri, leaked incomplete information pertaining […]

• Schilling: Investor for Reckoning sequel pulled out over "devastating" comments made by RI governor

  Curt Schilling has told The Providence Journal he could end up losing $50 million of his own money due to his studio’s failure, furthermore claiming comments Rhode Island governor Lincoln Chafee made regarding the firm were “devastating,” and “scared off private investors.”

• 38 Studios creative director expected "a little more help" from Rhode Island

  38 Studios was blindsided by Rhode Island governor Lincoln Chafee’s failure to extend assistance to the financially troubled developer, according to creative director Steve Danuser.

• "38 Studios didn't go begging for a handout from Rhode Island,"says Salvatore

  Author RA Salvatore has responded to the situation facing 38 Studios and Big Huge Games, and while didn’t share insight into whether the firms where shutting down, he offered instead some perspective on where things went wrong with the move to Rhode Island.

• Report - Reckoning was a "flop", 38 Studios staff unpaid

  Both official statements and anonymous whispers suggest Kingdoms of Amalur: Reckoning developer 38 Studios is seriously on the rocks, with employees going uncompensated and management resignations.

• 38's payment clears, Copernicus MMO out June '13

  Rhode Island governor Lincoln Chafee said during a press conference today the $1.25 million check 38 Studios handed the Economic Development Corporation has cleared the bank.