PROVIDENCE, R.I. (AP) — A lawyer for Curt Schilling and executives of his bankrupt video game company say they disclosed everything to Rhode Island’s economic development agency before being granted a $75 million loan guarantee and a lawsuit against them should be dismissed.
Superior Court Judge Michael Silverstein is hearing arguments Wednesday from Schilling’s lawyer and others. The former Red Sox pitcher was not in court.READ MORE: Jury Selected In Trial Of Thomas Latanowich, Charged With Killing Yarmouth Police Sgt. Sean Gannon
His lawyer said 38 Studios executives repeatedly disclosed everything they could about the company’s finances and how much the company needed to complete a game it was developing.READ MORE: 'This Is Temporary': Federal Eviction Moratorium Extended For Another 2 Months
A lawyer for the state Economic Development Corp. described a “fraudulent scheme” in which the defendants withheld information from and provided false information to its board.
38 Studios’ bankruptcy left the state on the hook for some $100 million.MORE NEWS: New Quinnipiac Poll Shows President Biden's Job Approval Slip Over COVID Concerns
Copyright 2013 The Associated Press.