According to The Providence Journal, Rhode Island is attempting to sell the Kingdoms of Amalur: Reckoning assets to an unnamed party in an effort to pay off the $130 million debt the state was left in after 38 Studios went bankrupt.
“Who knows what the value ultimately will be,” Providence lawyer Richard J. Land said. “But there is interest in the assets.”
Rhode Island sued Curt Shilling and other 38 Studios executives November of last year over the over the controversial $75 million loan it took. The court hearings for Schilling and the executives will begin this Wednesday.
In June 2012 38 Studios filed for bankruptcy after missing several state payments. This was when Rhode Island acquired the studios’ assets. This was also announced just after the company laid off its 380 employees and closed its office doors. The blame for the layoffs was partly put on Kingdoms of Amalur: Reckoning failing to move the 3 million units it needed to cover production costs.