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The Boston Globe

Business

Curt Schilling sued for $2.4 million by bank

Citizens says game company won’t pay loan

RBS Citizens, better known as Citizens Bank, has sued Curt Schilling to recover $2.4 million in loans it made to the retired Red Sox star’s bankrupt video game company.

Providence-based RBS Citizens is among the first creditors seeking to hold Schilling personally responsible for debts incurred by 38 Studios LLC, which filed for Chapter 7 bankruptcy protection last week, the first step in liquidating the company. Most creditors like RBS Citizens have little hope of recovering their money from 38 Studios; it reported owing more than $150 million but has less than $22 million in assets.

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