- Associated Press - Thursday, June 2, 2016

PROVIDENCE, R.I. (AP) - A Providence judge won’t delay a state lawsuit accusing Wells Fargo Securities of withholding crucial information in the state’s $75 million deal with 38 Studios, the failed video game company started by former Red Sox pitcher Curt Schilling.

Superior Court Judge Michael Silverstein on Wednesday denied a motion from Wells Fargo to hold the trial pending a federal lawsuit against Rhode Island Commerce Corp. and Wells Fargo.

That lawsuit was brought by the U.S. Securities and Exchange Commission in March and accuses both entities of defrauding investors in the deal.

The Rhode Island Commerce Corp. filed suit in November 2012, and the case has been pending in state court since then.

The case is set to go to trial on Sept. 15.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide