Commerce RI reaches $25.6M proposed settlement in 38 Studios litigation

THE R.I. Commerce Corp. said it has agreed to a $25.6 million proposed settlement with Wells Fargo Securities LLC and Barclays Capital Inc. in the 38 Studios litigation.
THE R.I. Commerce Corp. said it has agreed to a $25.6 million proposed settlement with Wells Fargo Securities LLC and Barclays Capital Inc. in the 38 Studios litigation.
(Updated 10:10 a.m. and 12:39 p.m.) PROVIDENCE – The R.I. Commerce Corp. said Tuesday that it has agreed to a $25.6 million settlement with two more defendants in the ongoing 38 Studios LLC civil lawsuit. The proposed settlement is between Commerce RI, formerly known as the R.I. Economic Development Corp., or EDC, and defendants Wells…

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