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RI House to vote on 38 Studios settlement bill next Tuesday

The Rhode Island House of Representatives will vote next Tuesday on a bill designed to encourage settlement in the lawsuit filed against former Red Sox pitcher Curt Schilling's 38 Studios, The Associated Press reports.

The bill will make its way to the floor after the House's Judiciary Committee unanimously approved the legislation earlier this week. The Rhode Island Senate unanimously approved the legislation last week.

38 Studios declared bankruptcy in June 2012. Later that year, the state filed suit over the $75 million loan guarantee it provided to 38 Studios in 2010. Early this year, Governor Lincoln Chafee's office submitted legislation to encourage settlements in the lawsuit filed against former executives of 38 Studios and members of the former Rhode Island Economic Corp., which was recently rebranded as The Rhode Island Commerce Corp.