In a recent filing with the Rhode Island Superior Court, state attorney Max Widow alleges that Curt Schilling's failed development house, 38 Studios, fully understood the money lent to them by Rhode Island was going to run out before their first game was completed. The state claimed 38 Studios execs were running off of "speculative financial projections" regarding the success of "Kingdoms of Amalur: Reckoning," according to the Providence Journal.
The state of Rhode Island's Electronic Development Corporation (EDC) filed a lawsuit against Curt Schilling and several other 38 Studios leaders after the company went bankrupt and failed to return the $75 million loan given to the company by the EDC. Rhode Island claims the defendants misled the EDC in the initial deal, warranting the lawsuit, which resulted in a total waste of the Rhode Island tax payer's money.
The defense claims the EDC did in fact know of the financial shortcomings in a filing aimed at dismissal of the lawsuit in May, according to ESPN. The state's response is meant to keep things moving along in Rhode Island's favor, which is exactly what's happening so far.
"Kingdoms of Amalur: Reckoning" was a financial failure indeed, but 38 Studios did end up finishing and releasing the game. The lawsuit has nothing to with whether the game was finished, of course, instead concentrating on 38 Studios' alleged deceit of Rhode Island. Still, it's hard to tell how that final deficit in the game's production budget affected its sales and 38 Studios' viability. As it stands, Rhode Island and the 38 Studios leadership staff are basically fighting to be the least biggest loser.
