38 Studios hearing pushed back to early August

Q&A: How much will 38 Studios cost RI taxpayers when all is said and done?

PROVIDENCE, R.I. (WPRI) – As it has been many times in recent months, 38 Studios was on a State House agenda on Thursday.

A hearing centered around the failed video game company was scheduled to take place Thursday, but it was pushed back to early August. Some of the key players in the failed deal were asked to attend, including Curt Schilling, the company’s founder, Michael Corso, the company’s lawyer, and Thomas Zaccagnino, one of the company’s board members.

Secretary of State A. Ralph Mollis wants the former 38 Studios executives to explain why they shouldn’t be fined for allegedly conducting unregistered lobbying activities in 2010. Mollis launched his investigation shortly after Target 12 aired “38 Studios: Behind Closed Doors” –  an in-depth piece on the company’s lobbying activities.

Lawyers for Corso, Schilling and Zaccagnino all deny their respective clients were involved in any wrongdoing.

With taxpayers on the hook for around $90 million from the state-backed loan Schilling’s company received, the 38 Studios saga is perhaps the most polarizing issue in Rhode Island. Eyewitness News and WPRI.com will provide continuing coverage as the issue develops.

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