31 Jan
According to the Associated Press, the Rhode Island Senate unanimously approved a bill this week that encourages out-of-court settlements in the 38 Studios lawsuit. Governor Lincoln Chafee’s office introduced a new bill earlier this month to encourage out-of-court settlements to resolve the $75 million debt cause by a loan which was given to the now-defunct […]
10 Jan
The Rhode Island General Assembly introduced a new bill on Wednesday “at the request” of Governer Lincoln Chafee’s administration, which would resolve the $75 million debt caused by a loan given to 38 Studios. The bill addresses “court-approved settlements,” stating that “a person, corporation, or other entity who has resolved its liability to the Rhode […]
13 Dec
The Big Huge Games trademark and the Rise of Legends and Rise of Nations properties were sold in 38 Studios’ intellectual property auction this week for $320,000. It is unknown who won the auction for those properties. Court appointed receiver for the assets Richard J. Land did “not receive acceptable offers for the remaining lots,” […]
14 Nov
The auction to sell the 38 Studios and Big Huge Games assets will now take place on December 11th, and it will also include a recently discovered game. Heritage Global Partners vice president Nick Jiminez revealed in a press release that the firm has discovered “a completed, but unreleased game for Mac users titled ‘Rise […]