Rhode Island strikes a $12.5 million deal with four 38 Studios defendants

    
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WHAT THE NOW

Instead of producing an MMO, 38 Studios produced an ongoing legal battle of finger-pointing and agony over the state of Rhode Island’s $75 million loan to the company. Those deemed responsible for the deal are being sued, naturally, but four of the defendants in the case have reached an out-of-court settlement to the tune of $12.5 million. A hearing on the settlement is scheduled to take place on August 21st, and while the defendants in question maintain their innocence, the official statement is that it would be in the best interests of everyone to avoid a full trial.

A previous settlement in the case saw another defendant settling for $4.4 million in damages. There are still several further defendants in the lawsuit, including Curt Schilling himself and several investment banks involved in the initial deal; time will tell if settlements are sought by these parties as well or if they are more confident going to trial.

Source: SF Gate. Thanks, Kinya!
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Observer98
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Observer98

deekay_zero 
Governments should in no way subsidize game design companies, period.  Too risky.  
Actually, governments are involved in far too many things they should not be to begin with.

DontaleMobasa
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DontaleMobasa

Damonvile I am kindof curious about this too (the automatic suspicion is that the money wasn’t going into the game). However its probably more likely that the parties being sued/paying are not individuals but might be corporations or investment firms or something.

Koshelkin
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Koshelkin

Zariarn Amalur.

Domesticon
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Domesticon

BhimaJenkins deekay_zero It was actually 2.2 million the last I heard.

Zariarn
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Zariarn

Amular is fun to play.  To bad it had to end this way.  Maybe someone will pick up the pieces. Doubt it.

Damonvile
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Damonvile

I wonder how all these people are paying the multi-million dollar settlements yet couldn’t finish the game.

Infraction
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Infraction

Too bad because Amular was a really fun to play game. It wasn’t anything genre breaking or anything it was just a fun game.

IsawaChuckles
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IsawaChuckles

With 12.5million, Rhode Island could totally back Pantheon.  Double or nothin!

PizzaDoh
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PizzaDoh

tobascodagama Wiexlon Some say spending kickstarter money on development is the best option..other’s use the money to sponsor a yacht racing team. It all comes down to personal taste and opinion I think.

Sorenthaz
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Sorenthaz

tobascodagama Wiexlon  Didn’t help that the governor decided to play political games around it too.  I.e. making public statements that pretty much dissuaded anyone from further investment.