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House panel to vote on 38 Studios settlement bill

House panel to vote on 38 Studios settlement bill

PROVIDENCE, R.I. (AP) — A Rhode Island House panel is poised to vote on a bill designed to encourage out-of-court settlements in the lawsuit against Curt Schilling over the collapse of his video game company.

The Judiciary Committee will vote Tuesday. The full House is likely to consider it Thursday if it's approved. The Senate has already approved it.

The bill aims to shield any defendant that settles in the case from lawsuits from co-defendants over damages for which that co-defendant is found liable.

The former Economic Development Corp. sued the ex-Red Sox pitcher and others after 38 Studios went bankrupt. The agency approved a $75 million loan guarantee for the company. The state is on the hook for some $90 million.

The agency's lawyer says the bill would help maximize any financial recovery.

 

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