Updated March 29 at 6:27pm
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The U.S. Securities and Exchange Commission on Wednesday reached a settlement with R.I. Commerce Corp., stemming from allegations that the state defrauded investors when issuing a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC. more
The R.I. State Police on Thursday released documents from the closed criminal investigation into 38 Studios LLC, a video game company that received a $75 million taxpayer-backed loan before filing for bankruptcy in 2012. more
Gov. Gina M. Raimondo will petition the R.I. Superior Court next week to release grand jury documents related to 38 Studios LLC. more
The 38 Studios criminal investigation is now closed, Attorney General Peter F. Kilmartin said Friday, even though he said he was ready to reopen it in the wake of the last civil settlement being reached earlier this week. more
(Updated 11:02 a.m. and 12:03 p.m.) R.I. Commerce Corp. on Wednesday announced a $16 million proposed settlement with First Southwest Co., a former financial adviser for the state when it invested $75 million into the now-defunct video game company 38 Studios LLC. more
In response to a recent study analyzing the current conditions of McCoy Stadium in Pawtucket, Gov. Gina M. Raimondo said state investment could be a possibility after financial commitments are made by the city of Pawtucket and the Pawtucket Red Sox’s ownership. more
To renovate, rebuild or move on? Those are the questions Rhode Island, Pawtucket and the Pawtucket Red Sox face after Pendulum Studio II LLC completed a feasibility study of what to do with McCoy Stadium. more
(Updated 2:43 p.m., 4:41 p.m.) The Apex building at 100 Main St. in Pawtucket is on the radar of the owners of the Pawtucket Red Sox. more
Despite ending fiscal 2016 with a $10.3 million budgetary surplus, long-term obligations continue to paint a dreary financial picture in Providence. more
The U.S. Securities and Exchange Commission is nearing a settlement with R.I. Commerce Corp. in the ongoing securities fraud lawsuit related to 38 Studios LLC. more
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