Former 38 Studios Execs Fight To Keep Private Documents Out of Court Case

May 22, 2014 - GamePolitics Staff

Four former top executives at 38 Studios are fighting in federal court to keep more than a half-million documents tied to the bankrupt video-game company 38 Studios. The former executives are being sued in state court by the EDC and the state of Rhode Island. Company founder Curt Schilling, former CEO Jennifer MacLean, former CFO Richard Wester, and 38 Studios board director Thomas Zaccagnino claim that "privileged communications between 38 Studios and its attorneys had been released to the [R.I.

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Candidate for RI Treasurer Criticizes State for Hiring Advisor it is Currently Suing

May 21, 2014 - GamePolitics Staff

Former Rhode Island State Treasurer Frank Caprio (D) is calling on the Gov. Chafee's administration to cancel the state’s new financial advisor contract with a company the state is apparently suing in connection with the $75 million 38 Studios loan deal.

A new two-year contract had been awarded to First Southwest this week, but this deal has not been formally signed according to a spokeswoman for current State Treasurer Gina Raimondo - who is also running for governor. Caprio is running for his old job this year.

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Former RI Speaker: Complying with 38 Studios Case Subpoena Violates Fifth Amendment Rights

May 21, 2014 - GamePolitics Staff

Former Rhode Island House Speaker Gordon Fox said on Tuesday in court (through his attorney) that he was resisting a court order to comply with a subpoena in the state’s 38 Studios lawsuit. His attorney argued on Tuesday that providing the information requested from the state could put him in legal jeopardy.

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38 Studios Board Member Encouraged Company to Hide Financials From Rhode Island Prior to $75 Million Loan

May 20, 2014 - GamePolitics Staff

A top board member of 38 Studios urged company executives in 2010 not to highlight its shaky financial condition when it was negotiating with Rhode Island leaders for a $75 million loan guarantee, according to newly released court documents in the ongoing lawsuit between the state of Rhode Island and various individuals related to the deal.

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RI Gubernatorial Candidate Has Three Questions for Gov. Chafee About 38 Studios

May 16, 2014 - GamePolitics Staff

Cranston, Rhode Island Mayor Allan Fung has challenged Governor Chafee to answer "three important questions" related to his stance that the state must avoid defaulting on the bonds that financed 38 Studios. Fung, who is a Republican candidate for Governor, is skeptical that defaulting on future debt payments will damage the state's reputation and ability to secure credit for future endeavors. He put the following questions to Chafee:

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Former RI Speaker Seeks to Kill Subpoena in 38 Studios Case

May 15, 2014 - GamePolitics Staff

The lawyer representing Former Rhode Island speaker of the House Gordon Fox will be in court today to fight against a subpoena in the 38 Studios case filed by the Economic Development Corp. on behalf of the state.

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RI Gov. Chafee: The State Must Pay Down 38 Studios Loan Debt

May 14, 2014 - GamePolitics Staff

Even as an analyst appointed by Rhode Island Gov. Lincoln Chafee prepared to brief lawmakers on its findings about what would happen if the state fails to make payment on the 38 Studios loan debt, the Governor is taking his case to the public airways. Speaking to WPRI, Chafee reiterated his position on defaulting on the 38 Studios loan deal bonds.

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Rhode Island Gubernatorial Candidate Urges Lawmakers to Stop Paying 38 Studios Loan Debt

May 13, 2014 - GamePolitics Staff

Rhode Island Republican Gubernatorial candidate Ken Block is telling the state's legislative leaders to "reject calls to repay the 38 Studios bonds."

"The latest version of the debate is once again boiling down to who deserves to be protected—38 Studios bondholders or the taxpayers of Rhode Island," Block said Monday.

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Expert Warns RI Lawmakers About Defaulting on 38 Studios Loan

May 9, 2014 - GamePolitics Staff

An independent analyst who looked at the Rhode Island 38 Studios loan repayment plan said that defaulting on the debt related to the $75 million loan plus other penalties and interest would damage Rhode Island's bond rating to junk status and could harm the state's overall business climate.

The report from Minnesota-based SJ Advisors said that defaulting on the loan would bring increased borrowing costs and harm to the state's reputation, and could lead to a "contagion effect impacting other Rhode Island issuers and even taint the business environment."

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38 Studios Lawsuit Defendants Ask Judge to Compel Governor's Office to Produce Documents

May 9, 2014 - GamePoliics Staff

Defendants in the EDC's lawsuit against 38 Studios say that Rhode Island Governor Lincoln Chafee's office has continually delayed the production of documents needed to mount a proper defense and have asked a judge to order them turned over.

Lawyers for the defendants call these documents critical to their cases and say they are needed to go forward with the depositions. They want Judge Michael Silverstein to order them produced by May 23. Governor Chafee's office has not yet filed a response.

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Governor's Office Met With 38 Studios Lobbyist in 2011, 2012

May 8, 2014 - GamePolitics Staff

Richard Licht, director of the R.I. Department of Administration for Gov. Lincoln Chafee, said that he met with Michael Corso twice to talk about getting 38 Studios tax credits. Corso is an attorney who signed a $300,000 contract with Curt Schilling's game development company to lobby government officials in the state.

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The Ghost of 38 Studios Haunts Some Rhode Island Lawmakers

May 7, 2014 - GamePolitics Staff

As expected the failed 38 Studios loan deal is a major issue in Rhode Island's election campaigns and primary challenges. Even as the Secretary of State is making headlines this week for launching an investigation into possible lobbying violations by 38 Studios, critics of Secretary of State A. Ralph Mollis and Attorney General Peter Kilmartin on Tuesday jumped on the news by pointing out that both politicians dropped the ball during the loan deal approval timeframe.

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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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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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E. Zachary KnightGot that same recommendation on Twitter. So I guess that is a good sign.09/15/2014 - 8:39pm
prh99Portlandia, though I don't watch a lot of sitcoms. Heard it was good though.09/15/2014 - 8:02pm
E. Zachary KnightSitcom recommendations for someone who like Parks and Rec but hates The Office: Go.09/15/2014 - 6:08pm
NeenekoEven if they do change their policy, they can only do it moving forward and I could see the mod/pack community simply branching.09/15/2014 - 12:50pm
Michael ChandraAs for take the money and run, the guy must have a networth of 8~9 digits already.09/15/2014 - 10:33am
Michael ChandraMe, I'm more betting on some form of mod API where servers must run donations/payments through them and they take a cut.09/15/2014 - 10:32am
Michael ChandraEspecially since they want it for promoting their phones. Killing user interest is the dumbest move to make.09/15/2014 - 10:32am
Michael ChandraGiven how the EULA actively allows for LPs, I'm not sure Microsoft is ready for the backlash of disallowing that.09/15/2014 - 10:31am
Matthew Wilsonthey wont do that, the backlash would be too big.09/15/2014 - 10:25am
ConsterSleaker: how is that a flipside? Sounds to me like that's basically what Notch himself said, except rudely.09/15/2014 - 10:18am
MaskedPixelanteOn the plus side, no more lazy Minecraft LPs, since iirc Microsoft has a strict "no monetization period" policy when it comes to their stuff.09/15/2014 - 10:13am
james_fudgeBut it continues to sell on every platform it is on, so there's that09/15/2014 - 10:09am
james_fudgeOh, well that's another matter :)09/15/2014 - 10:08am
E. Zachary KnightNothing against Notch here. I think it is great that he made something so cool. I just can't understand how it is worth $2.5 bil09/15/2014 - 9:59am
InfophileWhat a world we live in: Becoming a billionaire was the easy way out for Notch.09/15/2014 - 9:42am
james_fudgelots of hate for Notch here. I don't get it. Sorry he made a game everyone loved. What a monster he is!09/15/2014 - 9:37am
SleakerOn the flipside, Notch has been a horrible CEO for Mojang, and the company has grown on sheer inertia, DESPITE being mishandled over and over.09/15/2014 - 9:33am
SleakerI can understand Notch's statements he made to Kotaku about growing bigger than he intended, and getting hate for EULA changes he didn't enact.09/15/2014 - 9:32am
MaskedPixelantehttp://pastebin.com/n1qTeikM Notch's statement about the MS acquisition. He wanted out for a long time and this was the easiest way.09/15/2014 - 9:08am
ConsterEh, I can't blame him.09/15/2014 - 9:01am
 

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