Schilling sued over loan

The Sports Xchange
The SportsXchange

Former Red Sox pitcher Curt Schilling and some former officials of his now defunct video-game company were sued Thursday by the Rhode Island economic development agency, according to multiple reports.
The suit stems from the $75 million loan guarantee given to 38Studios. It comes after the company filed for bankruptcy.
In addition to Schilling, the suit names former EDC officials Keith Stokes and Michael Saul, two law firms who worked with the agency, and ex-38 Studios officials.
Rhode Island Governor Lincoln Chafee said the EDC board authorized the suit to get back some of the state's money.
"My message to Rhode Islanders is this: I know that you work hard for your paychecks, and for your tax dollars to be squandered is unacceptable," Chafee said in a video statement. "The Board's legal action was taken to rectify a grave injustice put upon the people of Rhode Island."

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