38 Studios declares bankruptcy
Curt Schilling's 38 Studios files for bankruptcy.
This morning, Curt Schilling's 38 Studios filed for bankruptcy after a long struggle that included missed payments and a complete layoff of all employees.
Rhode Island police told the Providence Journal that they would be joined by the attorney general's office, the U.S. Attorney's office and the FBI in launching a formal investigation into Schilling's video game company.
In a statement to the Journal, 38 Studios said, "This action comes after several weeks when the company has reviewed, considered and received the recommendations and advice with respect to potential avenues for relief that are currently available. After ongoing negotiations with the State of Rhode Island and potential investors and other interested parties, the Company has been unable to find a solution to the current stalemate."
Get caught up on Polygon's coverage of 38 studios here.
In This Storystream:
Curt Schilling's game studio struggles to stay afloat
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May 20 2013, 3:30p 38 Studios preparing to sell Kingdoms of Amalur to help pay off debt
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Apr 22 2013, 9:19a 38 Studios loan wasn't 'micromanaged' because state faced other problems, says governor
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Apr 11 2013, 6:45p Rhode Island considering defaulting on 38 Studios debt
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Mar 4 2013, 4:26p 38 Studios' Curt Schilling asks judge to dismiss lawsuit over $75 million loan
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Nov 1 2012, 12:51p Curt Schilling's 38 Studios sued by Rhode Island over $75 million loan guarantee
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Sep 27 2012, 8:38a Rhode Island governor considering overhaul of agency that provided 38 Studios' loan
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Sep 8 2012, 3:19p Rhode Island lawmakers face political blowback from 38 Studios bankruptcy
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Aug 22 2012, 8:48p Beautiful environments from 38 Studios' 'Project Copernicus' revealed
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Aug 16 2012, 5:53p 38 Studios' 'Copernicus' would have been free-to-play
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Jul 24 2012, 8:54p 38 Studios burned through $133 million before bankruptcy
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Jul 23 2012, 8:43p Boston Magazine chronicles 38 Studios' demise building a game that 'wasn't fun'
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Jul 13 2012, 7:37p Trustee for 38 Studios bankruptcy seeks help to sort out remaining assets
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Jun 14 2012, 6:06p 38 Studios founder Curt Schilling sued by bank for $2.4 million
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Jun 13 2012, 11:16p Subpoenas sent out to 38 Studios
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Jun 13 2012, 4:06p '38 Studios spouse' says company knew about cancelled insurance
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Jun 7 2012, 6:22p Rhode Island values 38 Studios assets in 'tens of millions,' investors interested
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Jun 7 2012, 2:05p 38 Studios declares bankruptcy
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Jun 3 2012, 6:22p 'Epic Baltimore' rises out of the ashes of Big Huge Games
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May 30 2012, 4:45a New 'Project Copernicus' screenshots released by Curt Schilling
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May 29 2012, 10:52a Schilling could lose $50 million in 38 Studios closure
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May 28 2012, 10:46a 'Kingdoms of Amalur: Reckoning 2' was in pre-production before staff was let go
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May 28 2012, 4:39a No new 'Kingdoms of Amalur' patch barring 'some sort of miracle'
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May 27 2012, 11:37p 38 Studios: 'We thought the governor was an ally'
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May 25 2012, 4:27p 38 Studios passes second mortgages onto some former employees
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May 24 2012, 8:35p Studios reach out to former 38 Studios staff, list of vacancies created
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May 24 2012, 4:20p 38 Studios lays off entire staff
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May 24 2012, 1:32a Image leaks could be from 'Project Copernicus'
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May 23 2012, 11:05p 38 Studios may miss out on tax credits
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May 23 2012, 7:38p 38 Studios CEO and senior VP leave company amidst layoffs
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May 22 2012, 12:25a Rhode Island governor confirms layoffs at 38 Studios
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May 18 2012, 5:05p 'Project Copernicus' video revealed in midst of financial turmoil
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May 18 2012, 1:29p 38 Studios makes late payment to state
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May 18 2012, 1:10p Rhode Island's Reckoning: A quick history of 38 Studios and their deal with Rhode Island
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May 17 2012, 5:20p 38 Studios hands over bad $1.125m check to state, can't pay its employees (update)
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May 16 2012, 3:36p Kingdoms of Amalur developer asks state for bailout
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May 15 2012, 9:50p 38 Studios defaulted on loan payment
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May 14 2012, 7:21p 'Kingdoms of Amalur: Reckoning' developer could be in financial trouble
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