Curt Schilling

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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Politics
8:39 am
Thu August 8, 2013

House Oversight Committee Continues Hearings on 38 Studios

The House Oversight Committee reconvened to examine the state's failed investment in video-game company 38 Studios.
Credit RIPR FILE

A legislative committee Wednesday held the fourth in an ongoing series of oversight hearings on Rhode Island’s investment in failed video game company 38 Studios. Committee members had different views on the value of the meeting.

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Politics
10:13 am
Wed August 7, 2013

House Oversight Committee Set To Examine Investment in 38 Studios

The House Oversight Committee with convene to examine the state's failed investment in 38 Studios.
Credit Don Boorman / RIPR

The House Oversight Committee is set Wednesday to examine the state’s losing investment in failed video game maker 38 Studios.

The General Assembly ended the legislative session last month. But members of the House Oversight Committee are returning to Smith Hill  to examine Rhode Island’s misadventure with 38 Studios.

The discussion will focus on documents obtained from the state Economic Development Corporation about the EDC’s approval of bonds for 38 Studios. The video game company was lured here with a $75 million  state-backed guaranteed loan in 2010.

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