38 Studios - Rhode Island Sues Executives

A lawsuit has been filed by Rhode Island against the people involved in the state's mismanaged $75 million loan to Kingdoms of Amalur developer 38 Studios.

Amongst the the defendants named in the suit are the Studio 38  founder/chairman Curt Schilling, CEO Jennifer MacLean, former EDC executive director Keith Stokes and other 38 Studios executives and EDC employees/lawyers. Other companies that were involved in the loan deal such as Wells Fargo Securities, Barclays Capital, First Southwest, and Starr Indemnity and Liability were also named as defendants.

The full storyincluding the full text of the suit can be read at various places, amongst which Gamasutra.