Rhode Island governor signs 38 Studios settlement bill into law

Earlier this week, the Rhode Island House of Representatives passed a bill to promote settlements in the ongoing litigation surrounding the collapse of 38 Studios, Curt Schilling's defunct game development studio. Rhode Island governor Lincoln Chafee has already signed the bill into law, which protects defendants who settle from lawsuits filed by co-defendants over damages for which that original defendant is found liable.

A separate bill, introduced earlier this month, aims to allow the state of Rhode Island to default on the $75 million loan it provided 38 Studios - a debt the taxpayers of Rhode Island are currently on the hook for. Defaulting on the debt would allow Rhode Island to ignore a debt payment of $12.5 million due later this year.

38 Studios founder Curt Schilling recently shared news that he had been diagnosed with cancer. Schilling is 47 years old.
[Image: 38 Studios]

This article was originally published on Joystiq.