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EX-PITCHER’S VIDEO GAME COMPANY GOES
BANKRUPT:
The video game studio run by
the retired baseball star Curt Schilling filed for
bankruptcy on Thursday, while Rhode Island and federal officials
began investigating the operations of the company, which was buoyed
by financial support from the state. According to
Chapter 7 bankruptcy documents filed in Delaware, Mr. Schilling’s
company, 38 Studios, and three subsidiaries owe
more than $150 million to creditors, but have assets of no more
than $50 million. “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,” the company said in a
statement.
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(2012-06-11 11:39:44) 