Updated May 28 at 5:25pm
38 Studios
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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, 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
1You recently led WBEZ/Chicago Public Media. How do Providence's and Rhode Island's audiences compare? American audiences in every town or city have high aspirations for the public-media institution that serves their community. But no two … 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
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
(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
The R.I. Commerce Corporation had an operating loss of $13.9 million for fiscal 2015, associated primarily with the legal costs connected with 38 Studios LLC, according to an audit approved by the corporation’s board of directors Wednesday night. 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
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
A R.I. Superior Court judge on Friday is expected to hear arguments about whether the court should order U.S. Securities and Exchange Commission testimony of J. Michael Saul to be included in an ongoing civil suit regarding 38 Studios LLC. more
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