$4.4 Million Settlement Reached in 38 Studios Lawsuit

A settlement stemming from the fallout of the 38 Studios’ Kingdoms of Amalur debacle has been reached. The proposed $4.4 million dollar settlement is between the agency formerly known as the Economic Development Corp. and lawyer Antonio Afonso and his firm Moses Afonso Ryan. The lawsuit alleges that the firm misled the state into approving a $75 million loan guarantee, promised to 38 Studios head Curt Schilling if the studio was moved to Rhode Island. Afonso worked on the bond sale and was accused of fraud.

If approved, this would the first settlement reached in the wake of 38 Studios’ bankruptcy.

Source: ESPN