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Business & Technology

Schilling seeks dismissal of suit over 38 Studios

March 4th, 2013 12:21 pm by Associated Press

PROVIDENCE, R.I. (AP) — Former Boston Red Sox pitcher Curt Schilling is among those asking a Rhode Island judge to dismiss a state economic development agency lawsuit over its $75 million loan guarantee for his now-defunct video game company.


Attorneys representing Schilling and others at his former startup, 38 Studios, on Friday filed documents asking Superior Court Judge Michael Silverstein to throw out the lawsuit.


In November, the Economic Development Corp. sued Schilling, other company executives and some of its own former officials, saying they misled the agency's board into approving the loan guarantee. The company filed for bankruptcy last year.


The motion to dismiss says Schilling and other executives being sued repeatedly disclosed the company's financial needs and that the lawsuit doesn't prove any of them knowingly made false statements.

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