Rhode Island Vs 38 Studios

Rhode Island Vs 38 Studios headlines

• 38 Studios: "The state wants answers about what happened"

  Rhode Island’s new charwoman of the House Committee on Oversight may issue subpeonas to get to the truth of what happened between the state and shuttered developer 38 Studios.

• 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.

• 38 Studios out-of-court settlements "clearly worthwhile", says RI Commerce Corp lawyer

  Parties affected by the possibility of an out-of-court settlement of the Rhode Island vs 38 Studios suit seem to be coming around to the idea, which would wrap the whole matter up much more expeditiously than at trial.

• 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.

• 38 Studios lawsuit depositions started this week with EDC financial loan adviser

  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 […]

• 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.

• Rhode Island vs 38 Studios lawsuit given the greenlight

  A judge has given the go ahead on a lawsuit accusing Kingdoms of Amalur developer 38 Studios of “fraud, negligence, breach of fiduciary duty, racketeering and conspiracy” as well as misleading Rhode Island’s economic development agency can go ahead.