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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.
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By Patrick Anderson |
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Former R.I. Economic Development Corporation Executive Director Keith W. Stokes has joined The Mayforth Group, the Providence-based consulting firm announced Wednesday.
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By PBN Staff
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The driving force behind the privatization of the R.I. Economic Development Corporation in 1995 was a desire to separate the Ocean State’s volatile and corruption-prone politics from efforts to grow its economy.
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By Patrick Anderson |
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Bargain hunters spent $180,000 scooping up office furnishings and video-game equipment formerly belonging to 38 Studios LLC at the company’s Maryland bankruptcy auction last week, the court-appointed receiver in the case announced Thursday.
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By Patrick Anderson |
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Assets from 38 Studios LLC’s Big Huge Games are being auctioned off today as part of the company’s bankruptcy.
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By PBN Staff
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(Updated, 11 a.m.) Computers, chairs, a 5-foot battle hammer and everything else a $75 million state loan guarantee can buy is available today at 38 Studios’ Rhode Island bankruptcy auction.
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By Patrick Anderson |
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As if Rhode Island needed another black eye on its national reputation as a place to do business, Gov. Lincoln D. Chafee has taken on the Sisyphean task of trying to extract more revenue from the 38 Studios LLC bankruptcy.
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11/12/12
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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.
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By Michael McDonald |
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Gov. Lincoln D. Chafee’s latest idea for repairing the Rhode Island economy may be his most controversial.
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By Patrick Anderson |
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It has been an exciting, if tumultuous, year in the Ocean State. As 2012 comes to a close, Providence Business News looks back on the biggest news stories of the year.
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By Emily Greenhalgh |