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RI House OKs bill to spur 38 Studios settlements

 
RI House OKs bill to spur 38 Studios settlements

PROVIDENCE, R.I. (AP) — The Rhode Island House has endorsed legislation designed to encourage out-of-court settlements in the lawsuit against Curt Schilling over the collapse of his video game company.

The House passed the bill 53-16 on Tuesday. The Senate has already passed its own version of the legislation.

The measure 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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