Lawyer testifies about failed 38 Studios deal in court
By The Associated Press
A closed hearing was held Friday in Superior Court on First Southwest’s motion to compel a witness to testify on behalf of the Economic Development Corp.
Former House Speaker Gordon Fox is a party to the case but wasn’t involved in the motion.
The state is suing First Southwest over its financial advice for the bond sale. Ex-Red Sox pitcher Curt Schilling’s failed video game company got a $75 million state-backed loan.
The state chose lawyer Benjamin Ledsham to testify for the EDC. He testified after the hearing on the motion.
A court spokesman said the session was closed because Ledsham discussed sealed documents.
The EDC has been renamed the Commerce Corp.
© The Associated Press/WLNE-TV 2015