Ruling expected in dispute over memo on 38 Studios

|
News,Business

PROVIDENCE, R.I. (AP) — The Rhode Island judge hearing the 38 Studios litigation is expected to rule in a dispute over a document inadvertently handed over to one of the defendants by Gov. Lincoln Chafee's office.

The May 2012 memorandum, said to contain legal advice to Chafee, was mistakenly given to lawyers for Wells Fargo, a defendant in the lawsuit over the collapse of ex-Red Sox pitcher Curt Schilling's video game company. Lawyers for the state's economic development agency want all copies deleted or destroyed.

Wells Fargo argues it is entitled to the memorandum and is seeking even more documents related to its preparation.

A ruling is expected Thursday.

The economic agency claims its board was misled into approving a $75 million loan guarantee for the company in 2010. 38 Studios went bankrupt.

View article comments Leave a comment