Updated April 1 at 8:48pm
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(Updated, 3:19 p.m.) Gov. Lincoln D. Chafee on Tuesday issued a statement defending the need for Rhode Island to repay the 38 Studios moral obligation bonds and criticizing gubernatorial candidates Cranston Mayor Allan W. Fung and Ken Block, who have voiced opposition to repayment. more
(Updated, 5:30 p.m.) Fifty retired state employees and public school teachers have filed a lawsuit against the state of Rhode Island, objecting to their inclusion in the proposed class-action settlement of the state pension reform lawsuits. more
An assessment of the 38 Studios LLC moral obligation bond debt service conducted by SJ Advisors concluded that failure to repay the bonds would probably result in a downgrade of Rhode Island’s bond rating to “junk bond” status. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
A slew of lawyers representing parties involved with the state’s convoluted pension lawsuit pleaded their cases before Associate Justice Sarah Taft-Carter in Superior Court Thursday morning, which she’s slated to rule on at a future time. more
(Updated, 5:34 p.m.) A Superior Court judge ordered state and public employee union representatives back into mediation on Monday after 61 percent of eligible police officers and retirees voted to reject the proposed settlement of the state’s pension lawsuit. more
An auction sale for the remaining assets of 38 Studios LLC, the video game company founded by former Boston Red Sox pitcher Curt Schilling, will be held March 25 at the Sheraton Conference Center, 1850 Post Road. more
(Updated 3:45 p.m. and 10:15 a.m.) PROVIDENCE – The pension reform lawsuit will go to trial April 20, the state Supreme Court ordered Thursday, rejecting an appeal from public employee groups which had sought a nine-month delay. more
Rhode Island public-sector retirees approved a proposed settlement that would end their lawsuit against the state’s 2011 pension overall, according to WPRI.com. more
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