- Associated Press - Friday, July 22, 2016

PROVIDENCE, R.I. (AP) - The trial in a lawsuit filed by the state of Rhode Island against the executives and financial backers of Curt Schilling’s failed video game company is being delayed.

A judge ruled this week that jury selection will now begin Oct. 18, not Sept. 15.

The former Red Sox pitcher is scheduled to testify. The state alleges he colluded with others to withhold crucial information to secure the state’s $75 million guaranteed loan to 38 Studios.

The state Economic Development Corp. - now the state Commerce Corp. - accuses First Southwest Co., Wells Fargo Securities, Barclays Capital, Inc., and 38 Studios executives of fraud and negligence.

The company was given a state-backed loan and taxpayers were left on the hook for about $116 million when it collapsed in 2012.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide