Hearings for 38 Studios trial set, jury selection delayed

PROVIDENCE – Those awaiting the start of the civil suit regarding 38 Studios LLC will have to hold out at least a couple weeks longer, as the start date has been pushed back.
Jury selection for the state’s suit against Wells Fargo Securities LLC, Barclay’s Capital PLC and several others accused with misleading the state into making a $75 million taxpayer-backed loan to finance the now bankrupt video game venture 38 Studios LLC, is now scheduled to begin Sept. 15, according to court documents released Thursday.
The state is seeking up to three times its liability for bonds floated in the failed investment, which could amount to more than $300 million.
R.I. Superior Court Associate Justice Michael A. Silverstein, who’s presiding over the case, is scheduled to begin hearing various motions for summary judgement beginning Friday. Trial will begin the day after jury selection is complete, assuming a summary judgement is not reached.

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