The Associated Press reports today that former Red Sox ace Curt Schilling and a group of others have agreed to pay $2.5 million to settle a case related to his failed video game studio.
Advertisement
The settlement must still be approved by a judge.
Retired Superior Court Judge Francis Darigan, who was acting as mediator in the case, said during a news conference that none of the defendants would pay out of pocket.
In 2010, Rhode Island officials agreed to issue $75 million in bonds in order to lure the company and create jobs in the state.
Schilling has repeatedly denied any wrongdoing, and the settlement states that it is not to be understood as an admission of liability from him, three 38 Studios executives, or their insurer. “We will appeal this determination within the Department of Public Safety, and if necessary, we’ll go to Superior Court to get public access to these records”, said Dickinson. “It’s a practical move on the part of the state”.
Schilling tweeted Monday afternoon that he wanted to tell his side of the story publicly “once all is approved”, but did not say when that would be. Lawyers for the plaintiff, the Rhode Island Commerce Corp., are urging that the court approve it. He now has a radio show on Howie Carr’s network. The company, the failure of which directly resulted in the loss of Curt Schilling’s personal fortune, might finally be allowed to rest in peace while the total amount of settlement payments in the 38 Studios case would now stand at $45 million of the initial $75 million loan guarantee. It went bankrupt less than two years later. The deal was financed through bonds offered to investors. She said she’s focused on recovering as much taxpayer money as possible and her team is preparing for trial with the remaining defendant.
Advertisement
Carson said she’s joining House Speaker Nicholas Mattiello; Gov. Gina Raimondo; the leaders of Common Cause RI, the Rhode Island affiliate of the American Civil Liberties Union, the League of Women Voters “and many other state, local and organizational leaders in Rhode Island in asking that the records be released”. So far, court settlements related to 38 Studios’s bankruptcy total almost $45 million.
