Schilling agrees to settlement in failed video game venture
PROVIDENCE, R.I. — Former Red Sox pitcher Curt Schilling and others agreed to a $2.5 million settlement to end their part of a lawsuit brought over Rhode Island’s disastrous $75 million deal with 38 Studios, his failed video game company.
If approved by the judge overseeing the lawsuit, the agreement filed Monday with four 38 Studios officials brings an end to Schilling’s involvement in the case. Schilling has strenuously denied wrongdoing and said the company failed in 2012 in part because the state didn’t do enough to help. Neither he nor the other company officials admit liability in the settlement with the Rhode Island Commerce Corp., the state’s economic development agency.
Retired Superior Court Judge Francis Darigan, who was acting as mediator in the case, said during a news conference that none of the defendants would pay out of pocket. Instead, 38 Studios’ insurance company would pay.
“No one is going to be perfectly satisfied with this,” Darigan said. “It’s a practical move on the part of the state.”