RI court appoints former judge to mediate 38 Studios lawsuit

May 19, 2015 - GamePolitics Staff

WPRI reports that Rhode Island Superior Court Associate Justice Michael A. Silverstein has appointed retired State Supreme Court Chief Justice Frank Williams as a mediator in the 38 Studios lawsuit between the former Rhode Island Economic Development Corporation and Wells Fargo Securities.

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Rhode Island Secretary of State drops 38 Studios-related lobbying cases

May 13, 2015 - GamePolitics Staff

Rhode Island Secretary of State Nellie Gorbea has dismissed three cases of people that had been accused of lobbying violations in the 38 Studios deal. Gorbea hired former U.S. Attorney Robert Corrente to review the cases prior to making his decision this week.

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Curt Schilling Speaks Out About the Failure of 38 Studios

March 5, 2015 - James Fudge

Former Red Sox pitcher and 38 Studios founder Curt Schilling did something he hasn't done in a long time: he talked about the 38 Studios loan deal given to him by the state of Rhode Island. In a blog post mostly addressing people on Twitter who threatened to rape his daughter and made jokes about having sex with her, Schilling spent a little time talking about the failed loan deal and the subsequent closure of the studio he founded in 2009.

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RI Secretary of State Loses in Court Over 38 Studios Lobbying Investigation

December 18, 2014 - GamePolitics Staff

A Rhode Island Superior Court judge has ruled that secretary of state Ralph Mollis must pay attorney's fees and court costs for involving the court in a lobbying investigation related to Curt Schilling's 38 Studios.

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Curt Schilling's Wife Wants Her Computer Back

October 1, 2014 - GamePolitics Staff

The wife of former Red Sox Pitcher and 38 Studios founder Curt Schilling is asking that a family computer auctioned off in an estate sale after the studio went bankrupt be returned, according to a report in the Providence Journal. Shonda Schilling is saying that the computer was auctioned off by accident, but some seem to be disputing that.

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Rhode Island Gubernatorial Candidate Uses 38 Studios Loan Deal to Attack Opponent in New Ad

September 30, 2014 - GamePolitics Staff

Rhode Island Republican gubernatorial nominee Allan Fung released the first TV attack ad of the fall campaign this week taking aim at Democratic rival Gina Raimondo for supporting repayment of the 38 Studios bonds.

The ad describes Raimondo's support for paying back the bonds related to the 38 Studios deal as the taxpayers bailing out "Wall Street investors" who "took a risk and went bust." The ad also claims that Raimondo is "looking out for Wall Street, not Main Street."

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The Fight Rages On In 38 Studios Lobbying Case

September 23, 2014 - GamePolitics Staff

The fight over attorney Michael Corso's part in allegedly lobbying Rhode Island officials is far from over, as highlight by the Providence Journal. Last week, hearing officer Louis DeSimone issued a decision giving attorney Michael Corso seven days to file lobbyist disclosure reports or pay a $2,000 fine.

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RI Secretary of State Loses Democratic Primary for LT. Gov.

September 10, 2014 - GamePolitics Staff

The Providence Journal reports that Cumberland, Rhode Island mayor Daniel J. McKee has won a three-way Democratic primary race for lieutenant governor against the Rhode Island secretary of state A. Ralph Mollis and a State Rep. Frank G. Ferri who represents Warwick. McKee won just over 43 percent of votes, compared with 36 percent for Mollis and about 21 percent for State Rep. Frank G. Ferri. McKee will face Republican primary winner Catherine T.

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RI Judge: General Treasurer Must Give a Deposition in 38 Studios Lawsuit

August 1, 2014 - GamePolitics Staff

A Rhode Island judge ruled on Friday that the state's current General Treasurer, Gina Raimondo, must submit to a deposition in the 38 Studios lawsuit filed by the Rhode Island Economic Development Corporation. The lawsuit is the state's attempt at recouping money from the failed $75 million state loan guarantee given to Curt Schilling's video game company in 2010.

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First Defendant in 38 Studios Lawsuit Settles for $4.4 Million

June 30, 2014 - GamePolitics Staff

The state of Rhode Island has settled with one of the law firms it sued as part of the lawsuit against 38 Studios and other principles for a failed $75 million loan deal. The law firm, Moses Afonso Ryan, has admitted no wrong-doing, but has agreed to pay $4.4 million to the state because it wants to put the matter behind them. The settlement agreement was filed with Superior Court Judge Michael Silverstein on Friday. A hearing on the matter will take place July 7.

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RI GOP Gubernatorial Candidate Urges Lawmaker to Withhold Payment on 38 Studios Debt

June 11, 2014 - GamePolitics Staff

Cranston, Rhode Island Mayor and GOP gubernatorial candidate Allan Fung is urging state lawmakers in Providence to pass two bills to prohibit the state from making payment on the failed 38 Studios investment.

During a State House press conference earlier in the week, Fung said that no payments should be made until there is a "thorough investigation" of the issue, including an allegation by one-time GOP congressional candidate Michael Riley that insider trading occurred.

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Rhode Island State Police Help Secretary of State Investigate Possible 38 Studios Lobbying Violations

May 7, 2014 - GamePolitics Staff

The Rhode Island State Police have joined the Rhode Island Secretary of State’s office in investigating potential lobbying violations by a political insider who represented 38 Studios prior to receiving its $75 million loan guarantee from the state.

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Rhode Island Lawmaker Received Death Threat for Investigating 38 Studios Loan Deal

May 6, 2014 - GamePolitics Staff

Rhode Island State Representative Michael Chippendale (R-Coventry) claims that he has received a death threat against himself and his family for investigating 38 Studios. Chippendale, the secretary for the House Oversight Committee investigating the failed $75 million loan deal for Curt Schilling's 38 Studios, said that he received a threatening letter at his State House office.

"It basically said that I have a beautiful family and I should stop poking around for their sake,” said Chippendale.

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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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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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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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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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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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No One Bids on Proposal to Study 38 Studios Loan Payback Options

December 11, 2013 - GamePolitics Staff

Last summer lawmakers passed a measure to make an initial $2.5-million payment to the investors who purchased the state-backed bonds that financed Schilling’s now-bankrupt video-game company, 38 Studios.

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Rhode Islanders Think State Should Stop Paying 38 Studios Loan Debt

November 20, 2013 - GamePolitics Staff

A new WPRI 12 Eyewitness News poll shows that a majority of Rhode Islanders have no problem defaulting on the bonds used to secure 38 Studios a $75 million loan in 2010. The company founded by Curt Schilling would later default on the loan payments and leave the state with a debt of $90 - $100 million.

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38 Studios Assets Auction Moving to Dec. if Court Gives Approval

November 11, 2013 - GamePolitics Staff

Earlier in the month we reported that the attorney appointed by the Rhode Island courts to sell off the intellectual property owned by 38 Studios planned to delay an auction that was set for later this week. The online auction to sell off the current and future rights to the MMO Project Copernicus, sequel rights to Kingdoms of Amalur: Reckoning, and rights for Big Huge Games franchises including Rise of Nations, Rise of Legends and Catan, as well as game engine technology, was set for Nov. 13 - 14.

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RI Attorney: Demand for 38 Studios IP Greater Than Expected, Auction May Be Delayed

November 6, 2013 - GamePolitics Staff

The attorney in charge of selling off the remaining intellectual property of 38 Studios to recoup money in the hopes of paying down the $100 million debt the state of Rhode Island was left with when Curt Schilling's game studio defaulted on a $75 million loan in 2010 says that he wants to delay the auction scheduled for later this month. Attorney Richard J. Land, who was appointed by a R.I.

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New Rhode Island EDC Head Says 38 Studios Deal Tarnished Agency's Reputation

October 23, 2013 - GamePolitics Staff

The new executive at the top of the Rhode Island Economic Development Corp. (EDC) says that the failed $75 million loan guarantee to Curt Schilling's 38 Studios has hurt the reputation of the agency, but he will do all that he can to restore it and to rebuild confidence in the state's economic recovery efforts.

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Which group is more ethically challenged?:

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InfophileI know the ZE series was in the red in Japan, but international series boosted it to profitability. That may not mean it's more profitable in the west, but it does mean ZE3 wouldn't exist without the western market.07/04/2015 - 7:54am
Consterwhy aren't "Video game players" an option on the poll? :P07/04/2015 - 5:19am
Andrew EisenThat was quick! Pretty accurate cosplay of the new Ghostbuster uniform and proton pack: https://twitter.com/mirabellemusing/status/61673135125394227207/03/2015 - 6:23pm
Matthew Wilson@mast I dont know, but I do know it got a cult fallowing here.07/03/2015 - 6:22pm
MastermuneWasn't the Zero Escape series more popular here than in Japan?07/03/2015 - 6:19pm
Matthew Wilson@mast given the game was revealed in the US, I wouldnt be shocked if it was released at the same time.07/03/2015 - 6:15pm
MastermuneI don't trust the big AAA worldwide simultaneous releases though.07/03/2015 - 5:57pm
Mastermune@Infophile I have come to the conclusion that smaller games like zero escape, JRPG's and the like are actually worth preordering sinc they are limited quantities and since they usually release in japan first we know if there are any issues.07/03/2015 - 5:56pm
Infophile@Matthew! Awesome news. I'd preorder on that shout alone if I didn't have a policy against preordering anymore.07/03/2015 - 5:16pm
Matthew Wilsonzero escape 3 was announced today.07/03/2015 - 4:21pm
Matthew Wilson@pnx I am guessing a ddoss since that is what happened to neogaf, but sony needs to do a investment in psn as a whole. steam is still the most reliable and fastest digital platform I use.07/03/2015 - 3:06pm
PHX Corphttp://www.vg247.com/2015/07/03/psn-is-down-sony-investigating/ not again: PSN is down, Sony investigating07/03/2015 - 3:04pm
Matthew Wilsonhttp://www.vg247.com/2015/07/03/digital-extremes-trespasser-keystone-pc/ if true, this is funny and embarrassing for Digital Extremes. companies need too have better security.07/03/2015 - 2:57pm
Matthew Wilsonhttp://www.gamespot.com/videos/the-point-destiny-the-hardcore-gamers-slot-machine/2300-6425852/ this is very good, and well researched.07/03/2015 - 12:41pm
InfophileOther features to become standard: The ability to remap controls however the hell I want. Quicksave at any time (especially for handheld and mobile games). Plus everything Andrew said07/03/2015 - 10:43am
InfophileRegion-freeing becomes tricky for games with a strong online component though, especially when the servers are run by different branches in different regions.07/03/2015 - 10:41am
InfophileI'm in favor of getting rid of region-locking for any purchased games. I can understand an exception for free, ad-supported games, as many ads are only relevant in certain regions, and it's a ridiculous hassle to get ads for all regions.07/03/2015 - 10:40am
PHX Corphttp://kotaku.com/payday-2-has-been-broken-on-xbox-one-for-three-weeks-1715384186 Payday 2 Has Been Broken On Xbox One For Three Weeks07/03/2015 - 8:44am
Matthew Wilsonhttps://www.reddit.com/r/OutOfTheLoop/comments/3bxduw/why_was_riama_along_with_a_number_of_other_large/ here is a more complete acount of whats going on.07/03/2015 - 1:32am
Matthew Wilsonredit is on fire right now. most subreddits have been set to private.07/03/2015 - 1:24am
 

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