Professor John Chung on the latest twist in the settlement of the state's lawsuit over its $75 million deal with ex-Red Sox pitcher Curt Schilling's 38 Studios .

Upcoming Events

Law Alumni Holiday Reception
DEC
05
5:30 pm - 7:30 pm
Citizens Plaza Rotunda
Martin Luther King, Jr. Celebration Keynote Address
JAN
18
4:00 pm - 5:30 pm
RWU Law | Bristol Campus
Champions for Justice
JAN
26
6:00 pm - 9:30 pm
Omni Providence Hotel
25th Annual Barrister's Ball
FEB
24
6:00 pm - 11:00 pm
Omni Providence Hotel, Providence, Rhode Island
Law Alumni United States Supreme Court Swearing-In Ceremony
FEB
28
8:00 am - 12:30 pm
U.S. Supreme Court, Washington, DC

Trending@RWULaw

11/14/2017
By David Coombs
[RWU Law Professor, veteran and military law expert David Coombs offered the following remarks during Veterans Day observances at Roger Williams University on November 10. The address has been...


Affordable Excellence at RWU LAW

Archives

Newsroom

AP: Chung on 38 Studios Settlement

Professor John Chung on the latest twist in the settlement of the state's lawsuit over its $75 million deal with ex-Red Sox pitcher Curt Schilling's 38 Studios .

From the ASSOCIATED PRESS (AP): "Board OK'd 38 Studios settlement without knowing who'd pay" by Michelle R. Smith

38 StudiosPROVIDENCE, R.I. (AP), March 11, 2016 — Rhode Island's economic development agency says officials who approved a partial $12.5 million settlement last year in the agency's lawsuit over its $75 million deal with ex-Red Sox pitcher Curt Schilling's 38 Studios did so without knowing where exactly the money would come from. [...]

Open-government advocates criticized the decision, which hadn't previously been reported, and at least one legal expert said it was surprising they would approve the settlement without knowing those details.

"It's one thing for the government agency to say, 'Yes, we have that information, but we're not releasing it to you because we're in the middle of an ongoing mediation,'" said John Chung, a professor at Roger Williams University School of Law. "It's a different thing to say we don't know at all, and that's the thing that surprises me."

The lawsuit has so far reaped $17 million in settlements but is pending against several parties. On Monday, the U.S. Securities and Exchange Commission sued the Commerce Corp., Stokes, Saul and others, accusing them of defrauding bond investors. Stokes and Saul settled for $25,000 each and didn't admit wrongdoing. The agency hasn't commented on the specific allegations in the lawsuit. [...]

For full story, click here.