Rhode Island may have its credit grade cut by Moody’s Investors Service after lawmakers debated defaulting on $75 million in debt that brought a company started by former Boston Red Sox pitcher Curt Schilling to Providence.
The New York Times published an excellent account on Sunday of how Curt Schilling bilked the taxpayers of Rhode Island out of millions of dollars to subsidize his now-defunct company, 38 Studios LLC. Unfortunately, there was something missing from the story: Schilling himself, who declined to speak to the reporter.
Curt Schilling, pitching ace on the 2004 Boston team that won baseball’s World Series, may leave Rhode Island on the hook for $75 million of bonds sold to help lure his video game company to the state.
Teva Pharmaceutical Industries Ltd., the world’s biggest maker of generic medicines, said the U.S. Justice Department informally requested documents in connection with a bribery investigation in Latin America.
38 Studios LLC, the video-game maker founded by former Boston Red Sox pitcher Curt Schilling, filed for bankruptcy after firing employees in Rhode Island, and officials said the company is the subject of a federal probe.