Updated August 25 at 6:27am
38 Studios
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(Updated 10:10 a.m. and 12:39 p.m.) The R.I. Commerce Corp. said Tuesday that it has agreed to a $25.6 million settlement with two more defendants in the ongoing 38 Studios LLC civil lawsuit. more
The House Minority Caucus wants documents related to the 38 Studios LLC criminal investigation released. more
Former Boston Red Sox pitcher and failed video game entrepreneur Curt Schilling took to the Facebook streets this weekend to announce plans to enter the political arena, including an eventual run for president. more
(Updated 5:18 p.m.) Officials said there will be no criminal charges filed as a result of an investigation into 38 Studios LLC. A press conference was held Friday afternoon at state police headquarters to report findings of the criminal investigation into the failed video game venture by former Boston Red Sox pitcher Curt Schilling that left taxpayers on the hook for a $75 million loan guarantee. more
A R.I. Superior Court judge this week decided to postpone the civil suit regarding 38 Studios LLC, as several pretrial motions are still pending. 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
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
(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
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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