dark        
spacer

Court battle over 38 Studios begins in Rhode Island

0

RIEDC v. Wells Fargo Securities LLC is underway

The trial between 38 Studios founder Curt Schilling and the Rhode Island Economic Development Corporation has begun. Opening arguments from both sides were made Friday in Rhode Island Super Court, The Providence Journal reports.

The quasi-public agency filed suit against Schilling and 13 others behind the $75 million loan last November, asserting the Kingdoms of Amalur developer knew the company would run aground but did not inform the state.

Defense attorney William M. Dolan III derided the plaintiff's claims, calling them "specious" in his motion to dismiss. EDC lawyer Max Wistow countered by alleging the state possesses an "avalanche" of evidence that supports the complaint. 

Rhode Island is looking to recoup debts incurred during the ill-fated deal with 38 Studios by selling the company's remaining assets at auction next month. 

Lawyers begin arguments in 38 Studios lawsuit [The Providence Journal via GamePolitics]


You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Kyle MacGregor Burleson
Kyle MacGregor BurlesonWeekend Editor   gamer profile

used to work Now I just hang around and make a more + disclosures


 



Filed under... #38 Studios #Industry Bull #Kingdoms of Amalur #lawsuit #Money #Politics

READER COMMENTS LOADING BELOW...


LET'S KEEP THE COMMUNITY GREAT


You're not expected to always agree, but do please keep cool and never make it personal. Report harassment, spam, and hate speech to our community team. Also, on the right side of a comment you can flag nasty comments anonymously (we ban users dishing bad karma). For everything else, contact us!