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RIPEC to examine EDC, as Chafee names 3 to board
The Rhode Island Public Expenditure Council will examine the current structure and operation of the R.I. Economic Development Corporation in light of the recent 38 Studios LLC loan guarantee debacle, Gov. Lincoln D. Chafee announced Thursday. more
EDC forms ‘litigation subcommittee’ to oversee 38 Studios lawsuits
A three-member “litigation subcommittee” was created by the R.I. Economic Development Corporation Board of Directors Monday night to oversee legal efforts to recover taxpayer funds lost from the failure of 38 Studios LLC. more
38 Studios starts liquidation
Former Red Sox pitcher Curt Schilling’s defunct videogame company 38 Studios LLC begins liquidation Tuesday, news sources report. more
| 7/10/12 | 1 comment
RBS sues Schilling over 38 Studios loan
RBS Citizens has sued former Red Sox pitcher Curt Schilling for $2.4 million to recover the loans made to Schilling’s defunct video game company, 38 Studios LLC, The Boston Globe reported. more
| 6/14/12
Bloomberg analyzes 38 Studios lawsuit
Curt Schilling, the former baseball All-Star, struck up a conversation at a March 2010 fundraiser that would sow the seeds of financial ruin and has led to claims of a $75 million fraud. more
R.I.’s needed pension cuts pass legal test
From Athens to Rome to Providence, Rhode Island, the painful truth about pensions is the same: Unfunded liabilities need to be reformed, and unions don’t like it. more
38 Studios’ former employees in high demand
Rival game companies are lining up to hire the recently unemployed staff of 38 Studios LLC, former Boston Red Sox pitcher Curt Schilling’s embattled gaming company, according to Boston.com. more
| 5/29/12
Foulkes resigns from EDC board
CVS Caremark Corp. Executive Vice President Helena B. Foulkes resigned as vice chairwoman of the R.I. Economic Development Corporation Board of Directors Thursday as continued controversy over the handling of 38 Studios LLC’s $75 million loan guarantee wracks the quasi state agency. more
38 Studios leaves big space to fill
When Blue Cross & Blue Shield of Rhode Island left One Empire Plaza in Providence for its new Capital Center headquarters in 2009, it only took a year for the building’s owner to find a new tenant, Curt Schilling’s 38 Studios LLC. more
Providence police agree to pension changes
Providence police officers have approved the package of pension and retirement benefit changes agreed to with the city in May, clearing the way for its implementation. Police were the last group of rank-and-file municipal employees to ratify the landmark cost-cutting settlement. more
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