Business & Tech

Confidential Memo Says Schilling's Company Filed for Bankruptcy Before Governor's Comments

A confidential memo obtained by the Associated Press, says that Curt Schilling's 38 Studios had already filed for bankruptcy before Rhode Island Governor Lincoln Chaffee's made comments about the company's finances.

 

Before Rhode Island Governor Lincoln Chaffee made his first public comments about financial problems at Curt Schilling's video gaming company, 38 Studios had already taken its first step towards bankruptcy filing, according to a confidential memo obtained by the Associated Press.

Schilling, a Medfield resident, blames comments Chafee made about 38 Studios' money problems for causing the demise of the company. The former Boston Red Sox pitcher's company is now having its financial transactions investigated by federal and state authories. The company owes $150.7 million and had assets of $21.7 million, according to bankruptcy filings.

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Read the entire story at http://www.chron.com/sports/article/APNewsBreak-Schilling-woes-preceded-Chafee-remark-3671238.php


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