Wells Fargo

38 Studios
12:55 pm
Thu August 29, 2013

Conversation: Winners & Losers in 38 Studios Lawsuit

The state’s lawsuit over failed video game company 38 Studios will move forward. Superior Court Judge Michael Silverstein dismissed some of the counts, but allowed key parts of the state’s lawsuit to move ahead.

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RI News
2:20 pm
Wed August 28, 2013

RI Judge Allows Bulk of 38 Studios Lawsuit to Move Ahead

This desk trophy commemorating the 38 Studios $75 million loan was auctioned off after the company went bankrupt.
Credit file / RIPR

Rhode Island’s lawsuit over failed video game company 38 Studios will move forward. Superior Court judge Michael Silverstein dismissed some of the counts, but allows key parts of the state’s lawsuit to move ahead.

(Read the judge's 98-page decision here.)

When video game maker 38 Studios went belly up after receiving a $75 million state loan guaranty, it left taxpayers in the lurch for roughly $100 million.

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