Updated June 25 at 5:26am
38 Studios
21 results total, viewing 11 - 20
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
PROVIDENCE – The Securities and Exchange Commission last week 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 … more
If Rhode Island taxpayers are repaying a debt secured under fraudulent representation, should they keep paying? The recent disclosure that the Securities and Exchange Commission has filed charges against the state's economic-development … more
Rhode Island received a D+ in the 2015 State Integrity Investigation, which, surprisingly, was the fifth-best score in the nation. more
No one, it seems, is willing to take responsibility for advancing plans that ultimately led to $75 million in state loan guarantees for failed 38 Studios LLC, according to depositions included in thousands of Superior Court documents unsealed Thursday. more
More than 1,500 files containing depositions and court records from the high-profile 38 Studios lawsuit will be unsealed Thursday afternoon, according to a court spokesman. more
The R.I. Commerce Corp. has agreed to a $12.5 million proposed settlement with several defendants involved in the pending 38 Studios lawsuit. more
While the collapse of 38 Studios LLC was a singular and precipitous event, the effort to recoup some of the state-guaranteed bond money lost in the deal keeps moving along in drips and drabs. Case in point, the second settlement stemming from the … more
(Updated 4:29 p.m.) Several groups met Thursday to call on Gov. Gina M. Raimondo and House Speaker Nicholas A. Mattiello to investigate the 38 Studios deal. They also want greater transparency on the Pawtucket Red Sox relocation proposal. more
R.I. Taxpayers is no longer. The association, which said it advocated for “honest, effective and fiscally sound government on behalf of individual and business taxpayers” and published a newsletter called Taxpayer Times five days a week, stopped operations on Thursday. more
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