Tag Archives: 38 Studios


State Police may question lawmakers on 38 Studios

State Police may question lawmakers on 38 Studios

NORTH SMITHFIELD — Lawmakers leery of impending State Police questioning received a clarification from Superintendent Colonel Steven G. O’Donnell late Wednesday afternoon, June 18, about the investigation his department is undertaking in the matter of 38 Studios. Speaker of the House Nicholas Mattiello earlier in the day told his colleagues to be aware the State


Report: Non-Payment of 38 Studios moral obligation would likely reduce R.I. bond rating to ‘Junk’ status

PROVIDENCE — The Rhode Island Department of Administration announced today the release of a report by SJ Advisors that analyzed the potential financial and reputational impacts on the state of either payment or nonpayment of the moral obligation bond debt service associated with the 38 Studios bankruptcy. Based on its analysis, the independent financial consulting

Violet: R.I. is second worst-run state

Well, the results are posted. Rhode Island is the second worst-run state being bested only by the State of California. So says 24/7 Wall Street, a blog which each year conducts an extensive survey of all 50 states. In case you are wondering if this somewhat innocuous source might not be seen by too many


RIEDC initiates legal proceedings against 38 Studios

PROVIDENCE — In a press release issued mid-day Thursday, Nov. 1, Gov. Lincoln Chafee announced the state, through the embattled Rhode Island Economic Development Commission, has initiated legal proceedings against 38 Studios in an effort to recoup the upwards of $75 million lost to taxpayers. The release reads as follows: As you know, in the


Initial 38 Studios auction nets little return for Rhode Island taxpayers

PROVIDENCE — Senior Communications Manager for the Rhode Island Economic Development Corporation Melissa Chambers released a statement mid-day Thursday from the Chace Ruttenberg & Freedman, LLP Attorneys at Law regarding the initial 38 Studios Auction and the news wasn’t that great. A partial auction of the bankrupt company’s assets Tuesday, Oct. 16, by SJ Corio