Business

Curt Schilling case may see more claims

PROVIDENCE — The bankruptcy trustee in the 38 Studios case wants to explore opening a second legal front in the bid to recoup losses from the failed $75 million state investment in former Red Sox pitcher Curt Schilling’s defunct video game company.

The state Economic Development Corporation last week voted to allow the trustee to use up to $150,000 in assets recovered from the company to investigate potential claims against its former officers and directors and other parties, said Thomas Carlotto, an attorney for the agency. ‘‘There is the potential that he can bring in additional monies,’’ he said.

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The EDC already is suing Schilling, other company executives, and some of its own former officials over a $75 million loan guarantee the EDC approved in 2010 to lure 38 Studios from Maynard, Mass., to Providence.

The company sought bankruptcy protection last year. The state is on the hook for about $90 million related to the deal, which was financed with bonds.

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Jeoffrey Burtch, the bankruptcy trustee, did not respond to messages seeking comment. Sarah Heaton Concannon, one of Schilling’s attorneys, declined to comment.

Last week, a judge ruled against most defendants’ arguments to dismiss all or parts of the lawsuit.

The suit names 14 individuals or firms — including Schilling, former EDC executive director Keith Stokes, and former EDC deputy director Michael Saul — and alleges fraud, among other things.

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