Curt Schilling’s lawsuit to be partially settled

Former Red Sox player’s video game company is still on the hook.

–Tony Gutierrez / AP Photo

A $12.5 million dettlement has been reached between the Rhode Island Commerce Corporation and a former Red Sox pitcher’s video game company, according to The Boston Globe.

While the agreement is yet to be finalised by a judge, if approved, it would be the state’s largest settlement so far in the three year lawsuit to recover $89 million. The Globereports former Sox player Curt Schilling, several banks, and former top Rhode Island Commerce Corporation officials are accused of lying about 38 Studios LLC’s financial prospects to secure $75 million in loans which brought them to Providence.

This settlement would only end a portion of the suit. The former RICC executive director and former RICC deputy director, along with the agency’s former outside council, agreed to pay $12.5 million for their role in the alleged fraud, The Globe reports.

Advertisement

Schilling, other former 38 Studios executives, and several financial companies involved in the dealare still on the hook for $72 million.

To read the full story on The Boston Globe, click here.

Loading Comments...

Close

Get the latest breaking news sent directly to your phone. Download our free app.