Search Results for: 38 studios

38 Studios Lenders Hit With Fraud Charges


The Securities and Exchange Commission is now involving the Rhode Island Commerce Corporation and Wells Fargo Securities, levying fraud charges against both groups in relation to the bankruptcy of former game developer 38 Studios. In its complaint, the SEC is alleging that both groups knew that the $75 million loan that brought 38 Studios to … Continue reading “38 Studios Lenders Hit With Fraud Charges”

$12.5 Million Deal Reached In 38 Studios Lawsuit


In what is certainly not the final chapter to the long and twisted story of 38 Studios, Curt Schilling, and Kingdoms of Amalur, Rhode Island has announced a $12.5 million settlement with four more defendants from the original lawsuit. To the unfamiliar, 38 Studios headed by former Red Sox pitcher Curt Schilling relocated to Rhode … Continue reading “$12.5 Million Deal Reached In 38 Studios Lawsuit”

38 Studios Lawsuit Will Continue


Curt Schilling’s 38 Studios may go down in history as one of the worst managed video game companies, but history hasn’t yet finished with the developer or its executives. The last we heard, the state of Rhode Island was still intent upon bringing a lawsuit against the former Red Sox pitcher and news commentator as … Continue reading “38 Studios Lawsuit Will Continue”

38 Studios Being Investigated


It appears that dead horses just can’t go unbeaten. Not to anyone’s surprise, but 38 Studios (amidst layoffs and defaulting on payments) has formally declared bankruptcy and the story of Project Copernicus can finally come to an end, no? Wrong. According to the Providence Journal, Col. Steve G. O’Donnell of the Rhode Island State Police … Continue reading “38 Studios Being Investigated”

38 Studios Is DOA, Entire Staff Laid Off


The 38 Studios saga may come to a close faster than we thought. According to Fox 25 out of Boston, 38 Studios may be out of commission by this weekend at the earliest. If reports are to believed, employees aren’t being paid and are either leaving or being laid off in large quantities. The state … Continue reading “38 Studios Is DOA, Entire Staff Laid Off”

38 Studios Missing Payments, Wants More Taxpayer Money


Ever since 2010, I did not think a developer could rattle my nerves as much as Cheyenne Mountain Entertainment and Gary Whiting, but 38 Studios and Curt Schilling are certainly looking to prove me wrong on all accounts. For the taxpayers of Rhode Island, the investment made by their state government by offering $75 million … Continue reading “38 Studios Missing Payments, Wants More Taxpayer Money”

Rhode Island Working To Keep 38 Studios Solvent


Let’s talk history. Back in 2010, Rhode Island lured 38 Studios from Massachusetts to their own state with the promise of a $75 million loan, under the promise that 450 jobs would be created. The loan was a product of controversy among Rhode Island politicians, especially as the loan would be hedged on a studio that had … Continue reading “Rhode Island Working To Keep 38 Studios Solvent”