Curt Schilling

On Politics
3:51 pm
Tue July 22, 2014

Judge Silverstein Upholds 38 Studios Legal Settlements

Rhode Island  Superior Court Judge Michael Silverstein has upheld an initial legal settlement in Gov. Lincoln Chafee’s 38 Studios lawsuit over the $75 million state loan guarantee granted to the failed video game company started by Curt Schilling, the former  Boston Red Sox pitcher.

In an opinion released this afternoon, Silverstein approved a $4.4 million settlement reached with the Providence law firm of Moses, Alfonso and Ryan, a firm that advised the state on bonds of the ill-fated loan program.

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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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Scott MacKay Commentary
4:06 pm
Wed May 7, 2014

Scott MacKay Commentary: RI Lawmakers Swept 38 Studios Under The Rug

It's been nearly four years since the General Assembly approved state support for the now-defunct video game company 38 Studios.
Credit RIPR FILE

What’s worse than the 38 Studios fiasco for Rhode Island ‘s political and economic reputation? RIPR political analyst  Scott MacKay points to the aftermath.

It’s been nearly four years since  then- Gov. Donald Carcieri, the state Economic Development Corporation and the General Assembly foisted the disaster that is 38 Studios on Rhode Island taxpayers.

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On Politics
5:13 pm
Tue February 11, 2014

Sony, Chafee, 38 Studios and reality

Now comes another high-tech blabber seeking to blame Gov. Lincoln Chafee for the Curt Schilling -38 Studios fiasco that was actually done in the waning days of Gov. Donald Carcieri’s administration.

John Smedley, president of Sony Online Entertainment, slammed Chafee in a series of twitter comments this week. But his arguments are so incongruous that it is very difficult to take him seriously.

It’s more like he has been sampling the new legal stuff in Denver or Seattle.

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RI News
8:54 am
Thu February 6, 2014

Curt Schilling Announces Battle With Cancer

As Rhode Island works to recover some of its investment in failed video game company 38 Studios, the company’s famous founder is now battling cancer.

Curt Schilling made the announcement in a statement released through ESPN.  The former pitcher for the Boston Red Sox did not indicate what type of cancer, nor whether he is likely to recover.

Schilling faces a lawsuit from Rhode Island’s economic development agency, claiming he and others at 38 Studios failed to fully inform the state of the financial precariousness of the company.

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RI News
2:27 pm
Fri December 13, 2013

38 Studios Intellectual Property Auction Left Games Unsold

The auctioning of intellectual property from defunct video game maker 38 studios resulted in the sale of two of the five lots up for bid. The assets were part of the video game company owned by baseball legend Curt Schilling.

The two lots going to the highest bidder included the games “Rise of Nations” and “Rise of Legends” and all of their intellectual property. The other lot sold held the trademark for Big Huge Games, a Maryland-based video game company owned by 38 Studios.

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On Politics
4:39 pm
Wed December 11, 2013

38 Studios Update: Auction, Depositions + More

Credit Ian Donnis / RIPR

Intellectual property rights for 38 Studios, the failed video game that left Rhode Island taxpayers on the hook for $90 million, were slated to hit the auction block Wednesday. Nick Jimenez, executive vice president with Heritage Global Auctions, says via email there will be "more to report after the sales process is completed in the coming days." In the interim, an update on related developments:

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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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RI News
9:15 am
Tue August 13, 2013

38 Studios Stress Caused Schilling Heart Problems

Former Red Sox star Curt Schilling says stress from 38 Studios’ business problems was part of why he suffered a heart attack in 2011.  Schilling revealed the health problem in an interview with the Boston Sunday Globe.

Schilling tells the Globe he experienced chest pains while watching his wife run in the New York Marathon in November 2011. That was seven months before 38 Studios went bankrupt, leaving Rhode Island taxpayers on the hook for close to 100 million dollars. Schilling says he was treated after returning to Boston.

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