38 Studios

Politics
8:41 am
Tue July 8, 2014

Judge Set To Hear First Settlement Case Out Of 38 Studios Lawsuit

A Superior Court judge is scheduled Tuesday to consider the first settlement growing out of the state’s lawsuit over 38 Studios. The settlement calls for the state to get a payment of $4.3 million.

After 38 Studios went bankrupt in 2012, the state sued 14 defendants to try to cut down the roughly $90 million owed by taxpayers. The first proposed settlement in the case was announced late last month. It involves the law firm of Moses Afonso Ryan, which served as bond counsel for the ill-fated 38 Studios project.

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Political Roundtable
4:00 am
Fri June 20, 2014

Political Roundtable: Smiley on Block vs. Fung; the Budget, 38 Studios & More

State Republican Chairman Mark Smiley joins Political Roundtable this week to discuss the GOP gubernatorial primary between Allan Fung and Ken Block; the budget signed into law by Governor Lincoln Chafee; the outlook for electing more Republicans to the General Assembly; and the latest developments on 38 Studios.

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On Politics
1:50 pm
Wed June 18, 2014

State Police To Interview Lawmakers On 38 Studios

Fox at the rostrum earlier this year
Credit Ian Donnis/File Photo / RIPR

House Speaker Nicholas Mattiello is applauding plans by state police to speak with lawmakers about a 2010 vote that set the stage for 38 Studios to come to Rhode Island. A Job Creation Guaranty Program approved by the legislature was later used to channel $75 million to the ill-fated video game company.

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Political Roundtable
4:00 am
Fri June 13, 2014

Political Roundtable: Shekarchi on the Budget, 38 Studios, Education & 2014

Credit Ian Donnis / RIPR

State Representative Joseph Shekarchi (D-Warwick) joins Political Roundtable this week to discuss the House budget; 38 Studios; the latest findings about public school performance in Rhode Island; and a new entry in the race for lieutenant governor.

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On Politics
2:04 am
Fri June 13, 2014

38 Studios Dominates Discussion as House Passes $8.7B Budget

Rep Marcello supporting an amendment for an independent prosecutor on 38 Studios. The amendment failed by a large margin.
Credit Ian Donnis / RIPR

A House vote in favor of a new $8.7 billion budget early Friday was dominated by debate about 38 Studios. The spending plan for the fiscal year starting July 1 includes $12.3 million dollars to continue paying back investors in the failed video game company.

Budget articles passed with lopsided margins and mostly no back and forth. Yet an attempt to establish an independent prosecutor to examine how the state bungled into 38 Studios sparked sharp exchanges. Representative Michael Marcello (D-Scituate) argued in favor of the outside probe.

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