RI Secretary of State Launches Investigation Into 38 Studios Lobbying Activities

May 6, 2014 - GamePolitics Staff

A news report on 38 Studios' alleged lobbying of the Rhode Island government prior to its $75 million loan deal in the state has sparked an investigation through the Rhode Island Secretary of State's office, according to WPRI.

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RI Lawmakers Invite Two More People Involved in 38 Studios Loan Deal to Testify

May 2, 2014 - GamePolitics Staff

Rhode Island State Representative Mike Chippendale, who is also the Senior Deputy Minority Leader and Secretary of House Oversight, has requested that Michael Corso and Sean Esten  appear before the Oversight Committee regarding the 38 Studios bond approval deal. The request is for a voluntary appearance before the committee and not a subpoena. Corso's testimony is sought after because he served as lawyer and consultant for 38 Studios, while Esten is a former Financial Portfolio Manager for the RI Economic Development Corporation.

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Rhode Island Makes Interest Payment Related to Failed 38 Studios Loan Deal

May 1, 2014 - GamePolitics Staff

Today Rhode Island lawmakers will take money from the general fund to make its first payment to the private investors who purchased the $75 million in high-risk, high-yield bonds that financed retired Red Sox pitcher Curt Schilling’s bankrupt video-game company 38 Studios.

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Rhode Island Lawmaker Urges Curt Schilling to Testify on 38 Studios Loan Deal

April 30, 2014 - GamePolitics Staff

The Rhode Island House Oversight Committee has written a letter to former Red Sox pitcher Curt Schilling asking him to testify before the committee as it continues its review of the $75 million loan deal that lured his video game company to the state. Chairwoman Karen MacBeth (D-Cumberland) told the Daily Journal on Wednesday that her office sent letters out last week to six other individuals she hopes will come before the panel in May.

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Rhode Island House Oversight Committee Reveals 38 Studios Witness Wish list

April 11, 2014 - GamePolitics Staff

Members of the Rhode Island House Oversight Committee said during a hearing on Thursday that they want to hear from former Red Sox pitcher and 38 Studios founder Curt Schilling and ex-Speaker of the House Gordon Fox as part of their ongoing review of the state's deal to lure 38 Studios from Massachusetts to Rhode Island with a $75 million loan guarantee.

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Rhode Island House Oversight Panel Meets Today on 38 Studios

April 10, 2014 - GamePolitics Staff

The new chairwoman of the House committee that has been looking into the failed 38 Studios deal is holding her first hearing today, according to the Associated Press. Oversight Chairwoman Karen MacBeth has scheduled a hearing later today on issues related to the state’s lawsuit against former Redsox pitcher Curt Schilling and other executives at the now-bankrupt 38 Studios.

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RI Gubernatorial Candidate Praises Appointment of 38 Studios Loan Critics to House Oversight Committee

April 3, 2014 - GamePolitics Staff

Rhode Island gubernatorial candidate Ken Block (R) is as pleased as punch that newly-appointed House Speaker Nicholas Mattiello has appointed two long-time critics of the 38 Studios loan to leadership positions in the House Oversight Committee.

"They both have records of standing up to the political establishment and fighting against the back room corruption of the 38 Studios deal," Block said of Reps. Karen MacBeth, the new chairwoman, and Spencer Dickinson, the new vice-chairman.

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Rhode Island Speaker Hopes Subpoenas Won't Be Necessary in 38 Studios Case

April 3, 2014 - GamePolitics Staff

The new Rhode Island Speaker of the House, Nicholas Mattiello, says that he is hopeful that it will not be necessary to subpoena witnesses who were in some way involved in the 38 Studios loan guarantee, the Providence Journal reports.

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Rhode Island House Oversight Committee Chair Wants to Subpoena Key Figures in 38 Studios Deal

April 2, 2014 - GamePolitics Staff

The new chairwoman of the Rhode Island House Oversight Committee said that she wants to issue subpoenas to key figures in the 38 Studios deal including former House Speaker Gordon Fox. Rep. Karen MacBeth (D-Cumberland) said the committee could also seek to subpoena former House Finance Chairman Steven Costantino, as well as current and former employees of the Economic Development Corp.

MacBeth has been a vocal critic of the deal for quite some time and pushed hard to avoid paying back money owed on bonds related to the 38 Studios loan.

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Report: Rhode Island Economic Development Agency to Hold Meeting Related to 38 Studios Litigation Next Week

March 27, 2014 - GamePolitics Staff

The Rhode Island Economic Development Agency (formerly the Economic Development Corp.) has scheduled a special meeting about its lawsuit against 38 Studios next Monday, according to the Associated Press.

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RI Speaker of the House Relinquishing Leadership Role After FBI Raids

March 26, 2014 - GamePolitics Staff

While California State Senator Leland Yee (outspoken anti-video game crusader and author of the 2005 California video game law that was inevitability struck down by the U.S. Supreme Court in 2010) is getting a lot of press at the moment for being arrested by the FBI for alleged bribery and corruption, he is not the only state senator connected loosely with the video game industry in trouble this week.

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Rhode Island Hires Analyst to Study The Effects of Defaulting on 38 Studios Bonds

March 20, 2014 - GamePolitics Staff

The Providence Journal reports that the state of Rhode Island has hired Steven J. Johnson of SJ Advisors to study the potential impact of defaulting on the bonds related to the $75 million 38 Studios loan. Rhode Island lawmakers earmarked $50,000 in the current fiscal budget to study the potential financial impact that might occur if the state defaults on the loan guarantee greenlit by the RI Economic Development Corp.

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RI State Attorney Rebuffs Senator's Request for Documents in 38 Studios Case

March 10, 2014 - GamePolitics Staff

At the end of February we reported that Rhode Island State Senator James C. Sheehan planned to seek access to depositions and documents related to the state's court case against Curt Schilling's 38 Studios.

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Judge Denies RI Advisor Request to Be Shielded in 38 Studios Lawsuit

March 4, 2014 - GamePolitics Staff

It looks like Maureen Gurghigian, a senior vice president for the Lincoln office of financial firm First Southwest, will have to undergo more questioning in the ongoing lawsuit between Rhode Island Commerce Corporation (formerly known as the RI Economic Development Corp., or EDC) and bankrupt game developer 38 Studios, according to the Providence Journal.

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RI Lawmakers Want 38 Studios Lawsuit Depositions and Exhibits

February 27, 2014 - GamePolitics Staff

Rhode Island State Senator James C. Sheehan released a statement announcing that, as the Chairman of the Senate Committee on Government Oversight, he has formally requested that the committee be provided with copies of all documents (depositions and exhibits) relating to the civil lawsuit against 38 Studios.

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RI Commerce Corp. Takes Secret Votes on 38 Studios Related Matters

February 25, 2014 - GamePolitics Staff

The Rhode Island Commerce Corp. (the new name for the RI Economic Development Corp.) voted on Monday behind closed doors on legal matters related to its lawsuit against 38 Studios and a law recently passed in both houses of the state assembly that would allow it to settle the matter out of court.

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Opinion: No One Was Watching 38 Studios

February 24, 2014 - GamePolitics Staff

Columnist Russell J. Moore (clearly not a fan of Rhode Island Governor Lincoln Chafee and his Director of Administration) says in a new column that Richard Licht, the governor's Director of Administration, finally admitted publicly that the Governor's office "wasn't watching 38 Studios" after the Economic Development Corp. greenlit a $75 million loan and before it eventually defaulted on that loan and went bankrupt.

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RI Gov. Lincoln Chafee Signs 38 Studios Settlement Bill Into Law

February 14, 2014 - GamePolitics Staff

Rhode Island Governor Lincoln Chafee has quickly signed into law a bill that was passed yesterday in the RI House (and earlier in the week in the RI Senate) that will make it easier for the state to settle its lawsuit with 38 Studios and principles involved in the $75 million loan guarantee that enticed Curt Schilling to move his game development studio to Providence in 2010.

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RI House Approves 38 Studios Settlement Bill

February 13, 2014 - GamePolitics Staff

The Rhode Island House has approved a bill that will make it easier for the state to settle its lawsuit with Curt Schilling, other executives from 38 Studios, and others involved in the deal that could end up costing the state upwards of $100 - $110 million in the long-term. The RI Senate approved its own version of the bill earlier this month. With both houses of the State Assembly passing the bill, there's no doubt that Governor Lincoln Chafee will sign it into law the minute it crosses his desk (his administration pushed the legislature to pass the bill as quickly as possible).

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38 Studios Fiasco May Be Defining Issue in RI AG Race

February 11, 2014 - GamePolitics Staff

According to a Go Local Providence report, one of the defining issues in the campaign that could hurt Rhode Island Attorney General (D) Peter F. Kilmartin is the 38 Studios loan deal, which he voted for while in the General Assembly.

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SOE President Defends Curt Schilling, Calls RI Governor an 'Idiot'

February 11, 2014 - GamePolitics Staff

Sony Online Entertainment president John Smedley offered some harsh words for current Rhode Island governor Lincoln Chafee (I), who he painted as a saboteur in the last days before 38 Studios went bankrupt.

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Curt Schilling Diagnosed With Cancer

February 6, 2014 - GamePolitics Staff

Adding a new complication to the case for the state of Rhode Island in its lawsuit against former Red Sox pitcher and 38 Studios founder Curt Schilling is news today that he has been diagnosed with cancer. Schilling, who is now serving as an on-air sports analyst for ESPN, told the network about his condition today, though he did not go into any detail about what kind of cancer he has.

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Rhode Island Senate Passes 38 Studios Settlement Bill

January 31, 2014 - GamePolitics Staff

It should come as no shock that the Rhode Island Senate today unanimously approved legislation that encourages out-of-court settlements in the 38 Studios lawsuit. The news comes from a syndicated Associated Press report. The bill, which was floated to lawmakers by Governor Lincoln Chafee's office earlier this month and supported by the lead attorney representing the Rhode Island Economic Corp.

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RI Lawmakers Fast-Tracking 38 Studios Settlement Bill

January 29, 2014 - GamePolitics Staff

According to an Associated Press report, lawmakers in the state of Rhode Island are doing everything they can to fast track a bill that would make it easier for the Economic Development Corp. to settle its lawsuit against executives from 38 Studios and other parties being sued on behalf of the state.

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EDC Attorney Urges Rhode Island Lawmakers to Pass 38 Studios Settlement Legislation

January 24, 2014 - GamePolitics Staff

Attorney Max Wistow, the lawyer who is representing the Economic Development Corp. in its lawsuit against 38 Studios executives and others involved in the deal, said yesterday before a Rhode Island Senate committee that money that could be recouped by the state is instead being spent on the ongoing court battle by multiple parties. He also claimed that 11 of the defendants in the case have "insurance policies that pay defense costs out of the policy limits."

"The resources to recover in the lawsuit are every day diminishing," he told Rhode Island lawmakers.

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EDC Attorney: We Have Had Settlement Talks in 38 Studios Lawsuit

January 15, 2014 - GamePolitics Staff

Max Wistow, the attorney representing the Rhode Island Commerce Corp. (formerly known as the Rhode Island Economic Development Corp.) said that he has had settlement talks in the case against 38 Studios. He says that the Rhode Island General Assembly should pass a new bill announced last week that encourages out-of-court resolutions.

"There's been enough discussion to make it clearly worthwhile to have the legislation passed," he said.

Wistow would not discuss who specifically he might have been talking to about a settlement.

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Schilling Attorney Claims New Documents Prove Rhode Island's Lawsuit is 'Baseless'

January 10, 2014 - GamePolitics Staff

The attorney for former Red Sox Pitcher and 38 Studios founder Curt Schilling says that new documents that were previously withheld by the state of Rhode Island prove that the lawsuit against her client are baseless.

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Rhode Island Lawmakers Propose Bill to Settle 38 Studios-Related Debt

January 9, 2014 - GamePolitics Staff

On Wednesday legislation was introduced in the Rhode Island General Assembly that would resolve the the $75 million loan guarantee to 38 Studios and subsequent debt when the company defaulted on the loan and filed for bankruptcy in 2012. The proposal, which was submitted at the request of Governor Lincoln Chafee's administration, deals with Chapter 42-64-40 of the state's General Laws, which covers "court-approved settlements."

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SEC Subpoenas Rhode Island Commerce Corporation for Information on 38 Studios Deal

January 3, 2014 - GamePolitics Staff

The U.S. Securities and Exchange Commission has subpoenaed the Rhode Island Commerce Corporation for information related to the state’s $75-million investment in former Red Sox pitcher Curt Schilling's 38 Studios video-game company, according to a Providence Journal report.

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Rhode Island Governor Calls Project Copernicus a 'Lot of Junk'

December 19, 2013 - GamePolitics Staff

The governor of Rhode Island said that he isn't surprised that many of the 38 Studios assets remained unsold after an online auction earlier this month failed to find a buyer. At a press conference today Rhode Island Gov. Lincoln Chafee told the press that Schilling's flagship MMO game "Project Copernicus," was a "a lot of junk."

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ZippyDSMlee.....win8 hates any left over hidden install partitions from other version of windows....only waste 5 hours finding that out...its ahrder than you think keeping up with 4 or 5 HDDS......03/03/2015 - 4:44am
Matthew WilsonI am going to pax east, any games you guys want me to check out?03/02/2015 - 11:23pm
ZippyDSMleeNo one remembers the days of Cinemagic and Cynergy eh? :P, meh even MGS is getting to film like....03/02/2015 - 8:44pm
MechaTama31I was about to get all defensive about liking Metal Gear Solid, but then I saw that he was talking about "cinematic" as a euphemism for "crappy framerate".03/02/2015 - 8:29pm
prh99Just replace cinematic with the appropriate synonym for poo and you'll have gist of any press release.03/02/2015 - 5:34pm
PHX Corphttps://www.youtube.com/watch?v=vZQDFO2KEPo Jim Sterling Makes Fun of "Cinematic" Gaming03/02/2015 - 3:39pm
Matthew WilsonWOW is copping EVE. http://us.battle.net/wow/en/blog/18141101/introducing-the-wow-token-3-2-2015 I think its a smart move to deal with gold farmers in this way.03/02/2015 - 1:16pm
Matthew WilsonI guess epic is tired of having their lunch eaten by unity. https://www.unrealengine.com/blog/ue4-is-free03/02/2015 - 12:50pm
Andrew EisenNot much to follow. Kern is being silly and... nothing much else is happening.03/02/2015 - 11:40am
Papa MidnightI ask because, having only just heard of it, I have not, and I was hoping for some insight.03/02/2015 - 11:39am
Papa MidnightHas anyone been following this petition by Mark Kern regarding Kotaku, Polygon, and VG247? https://www.change.org/p/kotaku-lead-the-way-in-healing-the-rift-in-video-games03/02/2015 - 11:38am
ZippyDSMleePaypal shuts down Mega's payment system. https://torrentfreak.com/under-u-s-pressure-paypal-nukes-mega-for-encrypting-files-150227/03/01/2015 - 3:25pm
Matthew Wilsonvalvle planning to release a vr headset this year wtf http://www.pcgamer.com/valves-vr-headset-is-named-vive-and-htc-are-making-it/03/01/2015 - 1:05pm
ZippyDSMleeuuuhhhggg in other news been sick since last night.....uuhggg.....I iwsh it did not hurt so much when my tummy wants to leave my body..02/28/2015 - 11:39pm
ZippyDSMleeBrings me to the Q why alt costumes would be needed in competition anyway... http://www.eventhubs.com/news/2015/feb/28/dead-or-alive-community-aims-ban-over-120-overly-sexualized-costumes-dead-or-alive-5-last-round/02/28/2015 - 11:36pm
MonteThough from a business side, i would agree with the article. While it would be smarter for developers to slow down, you can't expect EA, Activision or ubisoft to do something like that. Nintnedo's gotta get the third party back.02/28/2015 - 4:36pm
MonteThough it does also help that nintendo's more colorful style is a lot less reliant on graphics than more realistic games. Wind Waker is over 10 years old and still looks good for its age.02/28/2015 - 4:33pm
MonteWith the Wii, nintnedo had the right idea. Hold back on shiny graphics and focus on the gameplay experience. Unfortunatly everyone else keeps pushing for newer graphics and it matters less and less each generation. I can barely notice the difference02/28/2015 - 4:29pm
MonteON third party developers; i kinda think they should slow down to nintendo's pace. They bemoan the rising costs of AAA gaming, but then constantly push for the best graphics which is makes up a lot of those costs. Be easier to afford if they held back02/28/2015 - 4:27pm
Matthew Wilsonhttp://www.forbes.com/sites/insertcoin/2015/02/28/the-world-is-nintendos-if-only-theyd-take-it/ I think this is a interesting op-ed, but yeah it kind of is stating the obvious.02/28/2015 - 2:52pm
 

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