Neoseeker : News : Rhode Island EDC suing former 38 Studios leadership, including Curt Schilling
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Shadow of Death Nov 1, 12
I'm guessing that it was just mismanagement by way of inexperience. At least in the case of Curt. He put up a fair amount of his own money into the company did he not?

It's possible that some others were skimming a bit perhaps. But I do think that if it was handled better (the company) it would have been able to turn a profit, since the game sold rather well didn't it?

But what do I know about such things.
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Lesley Pro_04 Nov 1, 12
Why do I have the gut instinct that the defendant could file a countersuit for issuing predatory loans? Because if those loans came from Bank of America--who have been sued by the federal government for such predatory loans--it wouldn't surprise me in the least.
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lKasHl Nov 1, 12
They needed 3 million sales just to break even, which considering this was a new IP and especially an RPG in proximity of Skyrims release, should have been seen impossible to achieve.

Amalur was a great game, but the business management that went into it seems amazingly shoddy, its almost inconceivable that Rhode Island would have issued a loan that large and not perceived the inherent risks and kept a closer eye on the businesses financials, enforcing debt covenants where necessary, its pretty reckless on their part (unless 38 withheld or provided fraudulent financial information)

Its also just as inconceivable that management at 38 were entirely ignorant of the costs they were incurring, especially considering they were legally bound to have a financial expert on their board who should have noticed that the expenditures were irrecoverable.
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