54.5 F
Rhode Island
Thursday, December 13, 2018

38 Studios

A FEDERAL judge on April 3 ordered R.I. Commerce Corp. to pay $50,000 to settle allegations it defrauded investors to fund the now-defunct video game company 38 Studios LLC, owned and run by former Boston Red Sox pitcher Curt Schilling.

Federal judge approves 38 Studios settlement

PROVIDENCE – A federal judge on April 3 ordered R.I. Commerce Corp. to pay $50,000 to settle allegations it defrauded investors to fund the...
Attorney General Peter F. Kilmartin objects to the release of grand jury material related to 38 Studios LLC. / PBN PHOTO/MICHAEL SALERNO

Kilmartin objects to release of 38 Studios grand jury documents

PROVIDENCE – The state attorney general on Tuesday filed a legal objection to Gov. Gina M. Raimondo’s petition to release 38 Studios LLC grand jury...
R.I. Commerce Corp. pay $50,000 to settle allegations it defrauded investors

Federal judge approves 38 Studios settlement

PROVIDENCE – A federal judge on Monday ordered R.I. Commerce Corp. to pay $50,000 to settle allegations it defrauded investors to fund the now-defunct...
A $50,000 settlement has been reached between R.I. Commerce Corp. and the U.S. Securities and Exchange Commission over the 38 Studios case.

Commerce RI fined $50K in settlement with SEC over 38 Studios...

PROVIDENCE – The U.S. Securities and Exchange Commission on Wednesday reached a settlement with R.I. Commerce Corp., stemming from allegations that the state defrauded...
GOV. GINA M. Raimondo will petition the R.I. Superior Court next week to release grand jury documents related to 38 Studios LLC.

Raimondo wants release of 38 Studios documents

PROVIDENCE – Gov. Gina M. Raimondo will petition the R.I. Superior Court next week to release grand jury documents related to 38 Studios LLC.The...
THE PROPOSED $16 million 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, will be heard in court on Feb. 9.

38 Studios investigation closes

PROVIDENCE – The 38 Studios criminal investigation is now closed, Attorney General Peter F. Kilmartin said Friday, even though he said he was ready...
A LEARNING  OPPORTUNITY: The settlement with the final defendant in the state's lawsuit over the bonds sold to benefit Curt Schilling's video game company 38 Studios LLC gives Rhode Island the opportunity to close the book on the failed venture. / BLOOMBERG NEWS FILE PHOTO/ TONY AVELAR

With 38 Studios settlement, R.I. should keep looking forward

The last defendant in the state's lawsuit to recover money from its ill-fated 38 Studios LLC investment has settled for $16 million. All told,...
R.I. Commerce Corp. has agreed to a $16 million proposed settlement with Hilltop Securities Inc. (formerly First Southwest Company) in the 38 Studios litigation.

Commerce RI reaches $16M settlement in 38 Studios lawsuit

(Updated 11:02 a.m. and 12:03 p.m.) PROVIDENCE - R.I. Commerce Corp. on Wednesday announced a $16 million proposed settlement with First Southwest Co., a former...
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.

SEC, R.I. near 38 Studios settlement

PROVIDENCE – The U.S. Securities and Exchange Commission is nearing a settlement with R.I. Commerce Corp. in the ongoing securities fraud lawsuit related to...
RHODEWORKS, Gov. Gina M. Raimondo’s controversial plan to improve state roads and bridges partially by using tolls on trucks, was selected as the 2016 Pell Center Rhode Island Story of the Year.
/ PBN FILE PHOTO/ MICHAEL SALERNO

Pell Center: RhodeWorks top story of 2016

NEWPORT – RhodeWorks was voted the 2016 Pell Center Rhode Island Story of the Year.RhodeWorks, Gov. Gina M. Raimondo’s controversial plan to improve state...
- Featured Event -

Latest News

Double Your Subscription                    Without Paying a Penny More!

For a limited time you can get twice the issues of Providence Business News at no additional cost.

 

 Or buy one subscription and give a second gift subscription FREE!  And we’ll send a holiday card announcing your generous gift!

Offer expires December 31, 2018