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Posts tagged rhode-island

Hearing on 38 Studios' potential lobbying violations set for next week

Rhode Island Secretary of State Ralph Mollis has issued letters to four individuals, requesting their presence in court on July 1 to determine if attempts were made to lobby lawmakers following the costly collapse of game developer 38 Studios. "Our office has been diligently investigating who, i...

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38 Studios settlement bill clears Rhode Island House of Reps

A bill to promote out-of-court settlements for lawsuits over the collapse of Curt Schilling's 38 Studios has passed through the Rhode Island House of Representatives this week. The bill, which passed in a vote of 53-16, would protect defendants who settle from lawsuits filed by co-defendants over d...

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Proposed Rhode Island bill would default on 38 Studios loan debt

38 Studios, the now-defunct company created by former Red Sox pitcher Curt Schilling and developers of Kingdoms of Amalur: Reckoning, left a big hole of debt in Rhode Island when it went bankrupt. A $75 million loan guarantee-sized hole, to be exact. Last week, the state's legislature introduced a ...

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Big Huge Games' assets fetch $320k in 38 Studios auction

The Big Huge Games side of this week's 38 Studios intellectual property auction has been sold for $320,000.00. The two lots sold off were for the trademark of Big Huge Games as well as the Rise of Legends and Rise of Nations properties. It is not currently known who the properties now belong to, th...

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Complete, unreleased Rise of Nations game found among 38 Studios' goods

When 38 Studios' intellectual properties are auctioned off by the state of Rhode Island on December 11, one more game will be included in the mix, Rise of Nations: Tactics. The Mac game was completed, albeit unreleased and seemingly unheard of until now. The auction was first slated to begin this w...

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38 Studios IP auction scheduled for December 11

Come December 11, Heritage Global Partners will finally begin selling off the intellectual property of Curt Schilling's 38 Studios. Initially slated for November, the auction was delayed due to "greater than expected" interest from potential bidders. The state of Rhode Island is hoping that this...

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Rhode Island EDC implements tracking software following 38 Studios debacle

Following criticism of how it managed its $75 million loan to the now-defunct 38 Studios, the Rhode Island Economic Development Corporation (EDC) is implementing a new client relationship system to help employees track their interactions with businesses. The EDC's board of directors has agreed ...

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Kingdoms of Amalur IP auction starts November 14, includes Rise of Nations

The 38 Studios and Big Huge Games liquidation auction will begin November 14, according to the Heritage Global Partners auction services page. Among the assets included in the auction from the state of Rhode Island are the Kingdoms of Amalur intellectual property, namely the Project Copernicus MMO ...

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Amalur IP heads to auction this month

Rhode Island is preparing to sell the Kingdoms of Amalur IP, with a website offering its assets going live this month, 38 Studios' court-appointed receiver Richard Land tells WPRI. 38 Studios collapsed in 2012 after launching Kingdoms of Amalur: Reckoning, taking $90 million of Rhode Island tax...

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SEC investigating Rhode Island's 38 Studios deal

The 38 Studios epilogue continues with the U.S. Securities and Exchange Commission investigating the $75-million loan provided by the state of Rhode Island to the defunct studio. WPRI reports the SEC probe is examining the taxpayer-backed loan the R.I. Economic Development Corporation (EDC) gave to...

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