38 Studios Settlement Bill Signed By Rhode Island Governor
Rhode Island governor Lincoln Chafee recently signed a bill into law that will help promote settlements in the litigation surrounding the collapse of the Kingdoms of Amalur developer.
38 Studios accepted and eventually defaulted on a $75 million loan from the state of Rhode Island to create Kingdoms of Amalur and an unreleased MMO, which created a contentious financial situation for he state, the collapsed studio, and its founder, Curt Schilling.
The law protects defendants settling cases from lawsuits from co-defendants regarding damages for which that defendant is liable. A bill proposed earlier this month aims to allow the state to default on the loan in order to alleviate the financial burden currently held by Rhode Island taxpayers.
The battle between the state of Rhode Island and 38 Studios rages on! Although, this certainly seems like the finish line is visible, at least.