State reaches $2.5M settlement with Schilling, others in 38 Studios suit

THE R.I. COMMERCE CORP. has reached a settlement with 38 Studios founder Curt Schilling and four other defendants in the lawsuit that is looking to collect as much as possible from the company and others to help pay back the moral obligation bonds that the state guaranteed in order to attract the company to Rhode Island. The $2.5 million settlement must be approved by Superior Court.
THE R.I. COMMERCE CORP. has reached a settlement with 38 Studios founder Curt Schilling and four other defendants in the lawsuit that is looking to collect as much as possible from the company and others to help pay back the moral obligation bonds that the state guaranteed in order to attract the company to Rhode Island. The $2.5 million settlement must be approved by Superior Court.
(Updated, 1 p.m.) PROVIDENCE – The R.I. Commerce Corp. on Monday agreed to a $2.5 million proposed settlement between the state and Curt Schilling, three other defendants and their insurer in the ongoing 38 Studios LLC lawsuit. In addition to Schilling, the former Boston Red Sox pitcher and founder of the now-bankrupt video game company…

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