Chafee to serve on 38 Studios litigation committee
PROVIDENCE, R.I. (AP) -- Gov. Lincoln Chafee (CHAY'-fee) will serve on a committee of the state economic development agency board that could determine possible legal action related to the $75 million loan guarantee to Curt Schilling's video game company.
Chafee's office told The Providence Journal he will serve on the Economic Development Corp.'s litigation subcommittee along with two others he selected -- board vice chairman Jerauld Adams and member Stanley Weiss.
The EDC in June hired an attorney to determine whether there is any third-party liability in connection with the loan guarantee to the former Red Sox pitcher's company.
The state lured 38 Studios to Rhode Island from Massachusetts with the guarantee. The company has since filed for bankruptcy, and the state is on the hook for some $100 million.
Chafee is EDC board chairman.