Citizens bank files suit against Schilling and 38 Studios
Posted: 6/14/2012 1:55:55 PM
Updated: 6/14/2012 1:58:41 PM
Citizens Bank confirms it has filed suit against Curt Schilling and his videogame company 38 Studios.
The Providence based bank is seeking $2.4 million from the former Red Sox Pitcher and his bankrupt company. The money the bank is trying to recover includes a $2 million letter of credit personally backed by Schilling and close to $400,000 due on the companys corporate credit card.
Citizens bank filed suit in Boston Superior court and is just one of several creditors seeking payment from Schillings company.
38 Studios filed for Chapter 7 bankruptcy in early June which means the state of Rhode Island is on the hook for up to $102 million in payments related to a $75 million state guaranteed loan granted to the failed company by the Rhode Island Economic Development Corporation.Dee DeQuattro | WPRO News
(6/16/2012 8:01:38 PM) |
One inept entity suing another inept entity. Citizens Bank will hopefully go the same way 38 Studios did. No sympathy for such a terrible organization like Citizens Bank, who teats their employees and customers horribly!
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