RI Commerce Corp Reaches $25.6 Million Settlement with Wells Fargo and Barclays in 38 Studios Lawsuit
If the Court approves the settlement, the Corporation will have obtained settlements totaling more than $42 million in the ongoing 38 Studios litigation, nearly half of the roughly $88 million state moral obligation on 38 Studios bonds for both past and future appropriations.
The settlement is a product of a court-ordered mediation conducted by retired Superior Court Justice Francis J. Darigan, Jr. and the efforts of our counsel in the 38 Studios Litigation, Max Wistow, Stephen Sheehan, and Benjamin Ledsham.
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