Updated January 23 at 6:25am
38 Studios
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(Updated, 5:12 p.m.) The Securities and Exchange Commission on Monday filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities, alleging fraud that stems from a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC. more
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. more
Scrawled on a piece of lined paper buried deep among thousands of court documents is a handwritten note: "OK to be bold, but this is as aggressive as we've done." The word "aggressive" is underlined and there's an arrow pointing at … more
Attorney General Peter F. Kilmartin runs his office like a business – and with 236 employees, it's the largest law firm in the state. Kilmartin, in the fifth year of his term-limited tenure, discusses his views on issues ranging from the … more
PROVIDENCE – The R.I. Commerce Corp. on Sept. 19 agreed to a $2.5 million proposed settlement between the state and Curt Schilling, three other defendants and their insurer in the ongoing 38 Studios LLC lawsuit. In addition to Schilling, … more
PROVIDENCE – First Southwest Co., a financial-planning company, on Aug. 29 filed an objection to a $25.6 million settlement between the state and two other defendants in the ongoing civil lawsuit related to 38 Studios LLC. First … more
Investors know that there is no such thing as a low-risk, high-gain investment. Which brings us to 38 Studios LLC. More than five years after the state backed $75 million in bonds to bring the video game developer to the Ocean State from up … more
A Superior Court judge on Friday approved a proposed $2.5 million settlement between the state and former executives of the failed video game company 38 Studios LLC, including former Boston Red Sox pitcher Curt Schilling. more
Despite a renewed call to stop repayment of state moral obligation bonds issued for the now-bankrupt 38 Studios LLC, Fitch Ratings Inc. expects payments will continue and has reaffirmed an AA rating with a stable outlook for the state’s general obligation bonds and consolidated capital development loans. more
The R.I. Economic Development Corp. is urging the R.I. Superior Court to approve a proposed settlement in the ongoing 38 Studios LLC lawsuit, despite a recent legal objection that the state is calling “inflammatory.” more
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