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

PBN Staff

02/03/2017

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

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, roughly $61 million has been recovered through settlements with the various defendants, although legal fees will reduce that amount to $49.7 million, against an estimated loss of roughly $88 million on

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