38 Studios

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Following the approval of the final settlement in the state's lawsuit over 38 Studios, Governor Gina Raimondo said Friday she will file a Superior Court petition early next week seeking the release of grand jury materials from a related investigation.

Meanwhile, the governor's office said State Police Col. Ann Assumpico has directed her department to review and release as soon as possible non-grand jury-related materials from Rhode Island's criminal probe of 38 Studios.

After a quick jaunt out of town, your humble correspondent is back in the Biggest Little. So thanks for stopping by. As usual, your comments and tips are welcome and you can follow me through the week on the twitters. Here we go.

Ian Donnis/File Photo / RIPR

Attorney General Peter Kilmartin said Friday the investigation into 38 Studios is now closed, although he had hoped to reactivate it and was rebuffed by State Police Col. Ann Assumpico. But Assumpico said there is not persuasive enough evidence to continue the probe at this time.

Ian Donnis/File Photo / RIPR

Cranston Mayor Allan Fung joins Political Roundtable to discuss the settlement involving the last defendant in the 38 Studios case, his level of concern over President Donald Trump's executive order on immigration, and his political future.

The state has reached a $16 million settlement with Hilltop Securities (formerly First Southwest), the last defendant in Rhode Island's lawsuit over 38 Studios.

If the deal wins court approval, there will not be a trial stemming from the state's lawsuit over the 2012 failure of the video game company -- and no testimony from key figures in what proved to be an expensive mistake for the state and its citizens.

Former Red Sox pitcher Curt Schilling is heading to the conservative media organization Breitbart. The former sports star has been increasingly visible in the news.

Two weeks ago, Schilling penned an opinion piece in the Providence Journal in which he blamed then-governor Lincoln Chafee for the failure of 38 Studios. Schilling helped found the video game company, which subsequently went bankrupt, after receiving tens of millions of dollars in support from the state.

It's not every week that begins with 38 Studios and ends with a yoga pants dispute in Barrington. But that's why Rhode Island is the gift that keeps giving. So thanks for stopping by for my weekly column. As usual, your tips are welcome and you can follow me through the week on the twitters. Here we go.

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University of Rhode Island President David Dooley joins Political Roundtable this week to discuss Curt Schilling's comments on 38 Studios; ballot question 4, which would allocate $45 million in borrowing to modernize an engineering building at URI and create a so-called innovation campus; and what do about student debt.

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Curt Schilling said Tuesday he was surprised to learn in 2010 that most of state reps voting on a $125 million job development program were unaware that a big chunk of the money was "earmarked" for 38 Studios.

Curt Schilling took to the op-ed page of The Providence Journal Sunday to renew his argument that former Governor Lincoln Chafee bears a large part of the responsibility for the failure of 38 Studios in 2012.

Ian Donnis / RIPR

Politicians love to say that elections matter. Except when some of them don’t like the results. RIPR Political analyst Scott MacKay wonders why two veteran Democratic lawmakers won’t accept their primary defeats.

Happy Weekend, and thanks for stopping by. As usual, your tips and comments are welcome, and you can follow me through the week on the twitters. Here we go.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week Mark and Dave discuss the state of the 38 Studios settlements. In the latest deal, executives from the failed video game company, including former Red Sox pitcher Curt Schilling, agreed to pay $2.5 million to the state. This was the second settlement announced this month; the other was worth $25 million, with financial firms Wells Fargo and Barclays Capital.

Superior Court Judge Michael Silverstein approved Friday the latest settlement over the failure of 38 Studios. Under terms of the deal, an insurance policy for Curt Schilling and three other company executives will pay the state $2.5 million.

The settlement was announced earlier this week. The mediator in the case said given the uncertainty of a trial, it was better for the state to accept the settlement.

Ian Donnis/File Photo / RIPR

State Rep. Aaron Regunberg (D-Providence) joins Political Roundtable to discuss the outlook for progressives in the General Assembly after recent primary victories; Governor Raimondo's focus on education; and the latest settlement involving 38 Studios.

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