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The Boston Globe

Business

Citizens Bank drops lawsuit it filed against Schilling over 38 Studios loan

Citizens Bank has dropped a lawsuit against retired Red Sox pitcher Curt Schilling, according to court records, but did not offer a reason for the action.

The bank sued Schilling in June in an attempt to recover $2.4 million in loans it made to his failed video game company, 38 Studios. Schilling cosigned the loans for the Rhode Island tech firm, which spent years building an ambitious multiplayer online role-playing game called Copernicus, but shut down operations and filed for bankruptcy protection last spring after running out of cash.

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