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R.I. reaches $4.4m settlement with a 38 Studios defendant

Curt Schilling was questioned by members of the media as he left the headquarters of the Rhode Island Economic Development Corporation.

STEVEN SENNE/AP/file 2012

Curt Schilling was questioned by members of the media as he left the headquarters of the Rhode Island Economic Development Corporation.

PROVIDENCE, R.I. — A law firm sued by Rhode Island’s economic development agency over the state’s failed $75 million deal with Curt Schilling’s video game company 38 Studios has agreed to settle for $4.4 million.

If approved by a judge, it would be the first settlement in the lawsuit, which also names Schilling and other company executives, two former agency employees, investment banks and others.

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The settlement agreement between the agency formerly known as the Economic Development Corp. and lawyer Antonio Afonso and his firm Moses Afonso Ryan, was filed Friday with Superior Court Judge Michael Silverstein. Court spokesman Craig Berke says it will be heard on July 7.

The law firm says in the papers that it continues to deny any liability but wants to put the matter behind them.

Related:

Schilling’s dream died quite quickly at 38 Studios

38 Studios troubled for months

High-risk video game venture has R.I., Curt Schilling reeling

38 Studios lays off all staff

38 Studios files for bankruptcy

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