38 Studios

A R.I. Superior Court judge this week decided to postpone the civil suit regarding 38 Studios LLC. Jury selection will begin in October.

38 Studios civil suit postponed

PROVIDENCE – A R.I. Superior Court judge this week decided to postpone the civil suit regarding 38 Studios LLC, as several pretrial motions are...
LET'S COMMUNICATE! WJAR-TV Anchor Frank Coletta and PBN Editor Mark S. Murphy, center left and right, spoke with Rhode Island governors about issues they have faced and continue to face and what is best to move the state forward. Foreground, from left, Govs. Donald L. Carcieri, Lincoln C. Almond, Gina M. Raimondo, Edward D. DiPrete. / PBN PHOTOS/ MICHAEL SALERNO

Engagement key to state’s success

On the occasion of Providence Business News’ 30th anniversary, PBN invited Rhode Island’s six current and former governors to discuss Rhode Island’s economy and...
Moving Up: Rhode Island Attorney General Peter F. Kilmartin served as a local police officer and state lawmaker before his current post. / PBN PHOTO/ MICHAEL SALERNO

Kilmartin out front on debates over legalizing marijuana and fantasy sports...

Attorney General Peter F. Kilmartin runs his office like a business – and with 236 employees, it’s the largest law firm in the state. Kilmartin,...

Fitch reaffirms AA rating for state general obligation bonds

PROVIDENCE – Despite a renewed call to stop repayment of state moral obligation bonds issued for the now-bankrupt 38 Studios LLC, Fitch Ratings Inc....

Keep paying on 38 Studios bonds?

If Rhode Island taxpayers are repaying a debt secured under fraudulent representation, should they keep paying? The recent disclosure that the Securities and Exchange Commission...

SEC files charges against RIEDC, Wells Fargo in 38 Studios debacle

PROVIDENCE – The Securities and Exchange Commission last week filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities,...

R.I. Taxpayers disbands

PORTSMOUTH – R.I. Taxpayers is no longer. The association, which said it advocated for “honest, effective and fiscally sound government on behalf of individual and...
THE SECURITIES and Exchange Commission filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities, alleging fraud that stems from a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC.

SEC files fraud charges against R.I. agency, Wells Fargo in 38...

(Updated, 5:12 p.m.) PROVIDENCE – The Securities and Exchange Commission on Monday filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells...

Hearings for 38 Studios trial set, jury selection delayed

PROVIDENCE – Those awaiting the start of the civil suit regarding 38 Studios LLC will have to hold out at least a couple weeks...

38 Studios hangover more damaging than state’s monetary loss

Investors know that there is no such thing as a low-risk, high-gain investment. Which brings us to 38 Studios LLC. More than five years after...
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