38 Studios

A FOUR-PART SERIES by PBN staff writers Mary MacDonald and Eli Sherman took one of three first-place awards that Providence Business News scored at the annual Alliance of Area Business Publishers editorial excellence competition.

PBN takes 3 first-place awards in annual business pub journalism competition

DALLAS – Providence Business News earned top honors in three categories in the 2017 Alliance of Area Business Publishers editorial excellence awards program, held...
A STATE lawmaker was ad an amendment he planned to submit to cap funding in a state loan-guarantee program would conflict with then-Gov. Donald L. Carcieri's plans.

Lawmaker discouraged from seeking funding cap for program that aided 38...

PROVIDENCE – A state lawmaker in 2010 decided against submitting an amendment to cap the amount of money that could go toward any one...
Governor Gina Raimondo addressing a crowd at URI. PBN FILE PHOTO/ MICHAEL SALERNO / PBN PHOTO/ MICHAEL SALERNO

Judge rules against Raimondo’s request for 38 Studios documents

(Update): This story has been updated to include comments from Gov. Gina M. Raimondo and R.I. Attorney General Peter F. Kilmartin. PROVIDENCE – A R.I....
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,...
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