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 […]
12 Nov
Executive vice president of auction organizer Heritage Global Partners, Nick Jimenez has told Gamespot that the 38 Studios intellectual property auction has been moved to December, pending court approval. The auction was originally scheduled to take place this month. The auction includes assets such as MMO Project Copernicus, Kingdoms of Amalur: Reckoning sequel rights and also […]
26 Oct
Depositions began this week in the Rhode Island Economic Development Corp.’s lawsuit against Curt Schilling’s 38 Studios, the Associated Press reports. EDC lead attorney Max Wistow said the first deposition began on Thursday with an executive at First Southwest. First Southwest was a financial adviser to the EDC in its $75 million loan guarantee to […]