38 Studios back in default

VIDEO GAME DEVELOPER 38 Studios is back in default on its $75 million loan deal with the R.I. Economic Development Corporation, according to Gov. Lincoln D. Chafee, for not providing enough notice when it laid off its nearly 400 workers this week. / BLOOMBERG FILE PHOTO/TONY AVELAR
VIDEO GAME DEVELOPER 38 Studios is back in default on its $75 million loan deal with the R.I. Economic Development Corporation, according to Gov. Lincoln D. Chafee, for not providing enough notice when it laid off its nearly 400 workers this week. / BLOOMBERG FILE PHOTO/TONY AVELAR
PROVIDENCE – Gov. Lincoln D. Chafee said Friday afternoon that 38 Studios LLC, the embattled video game developer founded by former Boston Red Sox pitcher…

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