RI Sues Banks, Ex-Baseball Star Over $75M In Biz Loans

Law360, New York (November 1, 2012, 8:06 PM EDT) -- Rhode Island sued former MLB ace Curt Schilling, Wells Fargo Securities LLC and Barclays Capital PLC on Thursday, claiming they misled the state about risks associated with $75 million in taxpayer loan financing for Schilling's now-bankrupt video game venture.

The suit does not target Schilling's 38 Studios LLC company as a defendant, but notes that the venture played a central role in the matter.

Schilling and 38 Studios officers, including former CEO Jennifer MacLean, former Chief Financial Officer Richard Wester and former Director Thomas Zaccagnino, allegedly...
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