Wells Fargo Agrees to Pay $800K in Curt Schilling Video Game Lawsuit

Back in 2010, ​Curt Schilling agreed to deal to move ​his company, ​38 Studios, from Massachusetts to Rhode Island in exchange for a $75 million loan guarantee. Less than two years later, 38 Studios declared bankruptcy as a result of the Rhode Island Economic Development Agency's (RIEDC) use of bonds to pay for the deal.  In response, the Securities and Exchange Commission alleged that the bond produced by ​Wells Fargo and the RIEDC failed to "disclose that 38 Studios had conveyed that it...
Source : 90min

Source: 90min