Updated December 4 at 12:26pm
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
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
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
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