38 Studios files for bankruptcy; law enforcement opens probe

June 7th, 2012 at 1:02 pm by under Nesi's Notes

Schilling's signature on the bankruptcy filing

• WPRI 12 will carry Governor Chafee’s 4:30 p.m. press conference about 38 Studios live on air and online.

By Ted Nesi

PROVIDENCE, R.I. (WPRI) – 38 Studios has declared bankruptcy as a formal investigation of the company begins, WPRI.com has learned.

38 Studios LLC and its three subsidiaries filed for Chapter 7 bankruptcy protection on Thursday in Delaware, meaning they have ceased operations and will be liquidated.

Separately, federal and state law enforcement officials confirmed the launch of a formal probe into 38 Studios and its efforts to secure Rhode Island tax credits to remain afloat.

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27 Responses to “38 Studios files for bankruptcy; law enforcement opens probe”

  1. [...] WPRI reports the state police, attorney general’s office, U.S. Attorney’s office and the FBI will investigate 38 Studios, “both the money that came from the state as well as the money that came from Bank Rhode Island.” The Providence Journal confirmed the bankruptcy this afternoon. [...]

  2. [...] Island and federal authorities open an investigation into how the company handled its finances.WPRI reports the state police, attorney general's office, U.S. Attorney's office and the FBI will [...]

  3. [...] Posted by Andy Kaufnayan Holy shit what the hell is this: 38 Studios files for bankruptcy; law enforcement opens probe | WPRI.com Blogs HOLY SHIT! That is a hell of a lot of cash to go bye bye! Hey Gaige want to correct your [...]

  4. [...] An review involving a FBI is underway and will inspect a argumentative open appropriation of 38 Studios, according to internal news organisation WPRI. [...]

  5. [...] WPRI reports the state police, attorney general's office, U.S. Attorney's office and the FBI will investigate 38 Studios, "both the money that came from the state as well as the money that came from Bank Rhode Island." The Providence Journal confirmed the bankruptcy this afternoon. [...]

  6. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  7. [...] WPRI reports the state police, attorney general’s office, U.S. Attorney’s office and the FBI will investigate 38 Studios, “both the money that came from the state as well as the money that came from Bank Rhode Island.” The Providence Journal confirmed the bankruptcy this afternoon. [...]

  8. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  9. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  10. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  11. [...] investigation by Rhode Island authorities into the financial handling of the company. According to WPRI, the state police, attorney general’s office, the U.S. Attorney’s office and the FBI [...]

  12. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be liquidated. 38 Studios has filed for [...]

  13. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be liquidated. [...]

  14. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  15. [...] news group WPRI says an FBI investigation about the studio’s shady and controversial pubic funding is [...]

  16. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  17. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be liquidated. [...]

  18. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  19. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  20. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  21. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  22. [...] Studios has filed for bankruptcy, the orator reliable currently to Rhode Island headlines opening WPRI. This equates to the association has ceased operations as well as will be [...]

  23. Downsized54 says:

    Doyle was a scandal and this guy still no handcuffs.Carcieri is gone from office Chafee should of asked Fox to resign.State police investigating means nothing.

  24. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

  25. [...] 38 Studios has filed for bankruptcy, a spokesperson confirmed today to Rhode Island news outlet WPRI. This means the company has ceased operations and will be [...]

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