38 Studios
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As a candidate, Gov. Lincoln D. Chafee’s opposition to the pending $75 million 38 Studios deal was both a pillar of his platform and symbol of his governing philosophy of fundamentals over special deals and big projects. Looking back on four years in office, Chafee’s warnings about 38 Studios proved correct, but that didn’t prevent the company’s collapse from casting a shadow over much of his term. Even if many of his priorities never made it through the legislature, Chafee argues that history will look back favorably on his record, which includes a pension overhaul, budget stability and no scandals. more
A proposed financial settlement has been reached in the federal bankruptcy case involving Curt Schilling’s former 38 Studios video game company. more
Moody’s Investors Service upgraded Rhode Island’s credit outlook from negative to stable while maintaining an Aa2 bond rating, the agency announced Monday. more
(Updated, 8:28 p.m.) Roger Williams University has chosen the former home of 38 Studios LLC as the new location for its downtown Providence campus, the school announced Monday. more
Three years after Joe Mirabello began his career as an artist at Iron Lore Entertainment in Maynard, Mass., he had made up his mind to go west and find work designing the next blockbuster video game for a big-name West Coast studio – until 38 Studios LLC, then Green Monster Games, opened up right next door. more
R.I. Superior Court Judge Michael A. Silverstein has approved the state’s $4.37 million settlement with the law firm Moses Afonso Ryan Ltd., denying objections by a number of other defendants in the 38 Studios lawsuit who challenged the constitutionality of the proposed settlement. more
Another grueling June debate over whether the state should repay 38 Studios bondholders gave way to something unexpected: good news in the state’s lawsuit against architects of the failed deal. more
Former members of the R.I. Economic Development Corporation board, including ex-Gov. Donald L. Carcieri, are among 20 witnesses scheduled to be deposed this summer in the state’s lawsuit against participants in the failed 38 Studios loan, the state’s attorney said Wednesday. more
The state of Rhode Island has reached a tentative settlement with the law firm Moses Afonso Ryan Ltd., and one of the firm’s partners, Antonio Afonso Jr., who served as bond counsel to the state on the 38 Studios LLC bond deal. more
One can only imagine how much time gamers would have spent trying to conquer 38 Studios’ “Project Copernicus” massively multiplayer online video game had it ever been completed. more
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