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Report: R.I.’s pensions, retiree benefits cause for ‘serious concern’
According to the Pew Center report - “The Widening Gap Update” – Rhode Island’s management of its long-term liabilities for pensions and retiree health care were cause for “serious concern.” more
| 5/19/12
Land appointed 38 Studios receiver
Richard J. Land, an attorney with Chase Ruttenberg & Freedman LLP, has been appointed state receiver in the 38 Studios LLC bankruptcy case, Gov. Lincoln D. Chafee announced Thursday. more
38 Studios assets head to the auction block
(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. more
38 Studios auction grosses $650K
The public auction of property from 38 Studios LLC's former headquarters at One Empire Plaza, which included items ranging from computers to a 5-foot battle hammer, grossed roughly $650,000, according to the R.I. Economic Development Corporation. more
| 10/26/12
House Finance Committee approves $8.1B 2013 budget
The House Finance Committee unveiled and then approved an $8.1 billion fiscal 2013 state budget late Thursday night, which scraps controversial meals, hotel and sales tax expansions more
Schilling: R.I. refused to renegotiate loan
In an interview on the Dennis & Callahan sports radio show on WEEI in Boston, former Red Sox pitcher Curt Schilling said that before his now-defunct videogame company 38 Studios LLC filed for bankruptcy, an investor pledged $15 million if Rhode Island agreed to renegotiate the loan - the state refused, according to The Boston Globe. more
| 6/21/12 | 3 comments
MacLean, Blakely leave 38 Studios
(Updated, 6:30 p.m.) Gov. Lincoln D. Chafee on Wednesday said the apparent departure of two of 38 Studios’ top executives – CEO Jen MacLean and Senior Vice President of Product Development John Blakely – "is not good news" for the struggling video game company. more
| 5/23/12
Industry analyst says 38 Studios game assets only worth $20M
Michael Pachter, managing director of equity research at Los Angeles-based Wedbuch Securities told gaming-publication Joystiq that 38 Studios' intellectual property is worth only $20 million. more
Brown to benefit from $127M bond sale
Brown University will use a $127.4 million bond sale to renovate downtown property after agreeing in May to almost double annual payments to the city. more
38 Studios assets hit auction block in Maryland
Assets from 38 Studios LLC’s Big Huge Games are being auctioned off today as part of the company’s bankruptcy. more
| 10/16/12
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