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An auction of the rights to the 38 Studios video game under development when the company declared bankruptcy, codenamed “Project Copernicus,” has been scheduled for mid-November. more
Citing “strong response from worldwide gaming developers and investors,” Heritage Global Partners announced Wednesday that the auction of 38 Studios’ intellectual property assets originally scheduled for Nov. 13-14 has been postponed until Dec. 11. more
Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo have reached an agreement with representatives of government workers and retirees to soften the effects of the 2011 state pension overhaul, they announced Friday. more
(Updated, Feb. 14, 2:34 p.m.) The State Retirement Board on Friday voted to approve a proposed settlement of the state pension reform lawsuits, according to the R.I. Department of Administration. more
A Dec. 10 auction of 38 Studios’ intellectual property assets grossed $320,000, but no “acceptable offers” were made for the 38 Studios video game under development when the company declared bankruptcy, codenamed “Copernicus,” according to a statement from 38 Studios receiver Richard J. Land. more
(Updated, 6:33 p.m.) Responding to the abrupt cancellation of a Wednesday press conference expected to announce details of a settlement in the state’s pension battle with public employee unions, Rhode Island legislative leaders said the only thing the General Assembly can do is “wait and see” how the settlement unfolds. more
Fitch Ratings affirmed its “AA” rating and stable outlook on Rhode Island in light of last week’s announcement that a settlement reached between the state and public employee unions on pension reform would increase Rhode Island’s unfunded pension liability by $232 million. more
(Updated 2:10 p.m.) A press conference expected to publicize details of a proposed settlement of the state’s pension battle with public employee unions was abruptly canceled early Wednesday morning at the joint request of state and union attorneys, according to the Federal Mediation and Conciliation Service. 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
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