legal issues

State officials and the public-employee unions that sued over a 2011 overhaul of the state pension system have reached a settlement, yet the deal remains shrouded in secrecy in advance of its expected unveiling Wednesday afternoon.

Governor Lincoln Chafee and Treasurer Gina Raimondo briefed House Speaker Gordon Fox and Senate President Teresa Paiva Weed on highlights of the agreement during a closed-door Statehouse meeting Monday afternoon. Fox declined to offer any specifics after emerging from the meeting:

Speculation continues about whether a settlement will emerge from closed-door pension mediation as soon as next week.

The head of the Rhode Island League of Cities and Towns, Daniel Beardsley, is worried that a settlement could hike pension costs for communities by more than $100 million. The league outlines its concerns in a new white paper. But as Beardsley says, it remains unclear if the General Assembly will be receptive to approving a settlement.

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:

Speculation is growing that a deal may have been reached in the pension mediation talks first ordered in December 2012 by Superior Court Judge Sarah Taft-Carter.

The Red Sox win big, politics never takes a holiday, and the calendar turns to November, marking the one-year mark until Rhode Island's next general election. Thanks for stopping by. As always, feel free to send me tips and feedback at idonnis (at) ripr (org) and to follow my short takes via Twitter. Let's head in.

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