House committee to reopen hearings into 38 Studios deal

By The Associated Press

news@abc6.com 

PROVIDENCE, R.I. (AP) _ A House committee is reopening hearings into what went wrong in the state’s failed $75 million deal with Curt Schilling’s video game company, 38 Studios, following the release of nearly 40,000 pages of court records.

The House Oversight Committee meets Tuesday at the statehouse. More hearings could follow.

The House speaker’s spokesman says members will be briefed on an updated timeline for the events leading up to the legislature’s passage of the loan guarantee program used to get 38 Studios its money.        

Court documents show the 38 Studios deal was in the works months before originally acknowledged. The company went bankrupt in 2012.

A lawsuit is pending against the former Red Sox pitcher and others involved in the 2010 deal.

The oversight committee held 10 hearings on 38 Studios in 2013 and 2014.

(C) The Associated Press 2015