The state of Rhode Island sued Curt Schilling and former officials of Rhode Island's economic development agency on Thursday over the $75 million loan guarantee given to the former Red Sox pitcher's now defunct video game company. Legal action was taken to recoup some of the money from the loan.
Rhode Island's board of economic development gave Schilling the loan to bring 38 studios from Massachusetts to Providence in 2010. The company filed for bankruptcy earlier this year after releasing one title.
Said Gov. Lincoln Chafee: “My message to Rhode Islanders is this: I know that you work hard for your paychecks, and for your tax dollars to be squandered is unacceptable. The Board’s legal action was taken to rectify a grave injustice put upon the people of Rhode Island."
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