The state of Rhode Island on Thursday sued former Red Sox pitcher Curt Schilling and one-time officials with the state’s economic development agency in connection with a $75 million loan guarantee to his failed video game company.
The AP Story on it is rather vague as to the specifics, but if you care enough about this story to have clicked this link you already know the broad contours: Curt Schilling started a video game company. Poured millions and years into it. Was lured to relocate the company to Rhode Island with loan guarantees from the state in exchange for promises of job creation. Company spent money like crazy, product wasn’t terribly successful. Company went bust, but not before leaving its workers high and dry and in some cases in severe financial straits. Curt Schilling called the governor of Rhode Island a “dunce.” Allegations arose that the company knew it was screwed but misled employees. Everyone with a bit of jurisdiction over this mess has or still is investigating.
And now, the lawyers.