Schilling’s 38 Studios collapses
In May, 38 Studios, the video game company founded by former Boston Red Sox pitcher Curt Schilling, began facing financial troubles when the company was unable to make a loan payments to the state of Rhode Island. The company’s financial troubles continued and it was forced to lay off the entire staff. In November, Rhode Island filed a lawsuit against Schilling’s company in an effort to recoup its $75 million in loan guarantees.
Pictured: Schilling unveiled his company’s game “Kingdoms of Amcular: Reckoning” in 2010 at the annual Studio Showcase in Redwood City, Calif.