Latest in Gaming

Image credit:

38 Studios will face no federal criminal charges

Jef Reahard
September 30, 2012
Share
Tweet
Share

Sponsored Links

Bankrupt gamemaker 38 Studios will not face federal criminal charges, according to a report in The Washington Post.

U.S. Attorney spokesman Jim Martin told The Associated Press that his office found that 38 Studios did not break any federal laws. That said, what's left of the company is still subject to an investigation being conducted by Rhode Island police to determine whether state laws were violated.

38 Studios folded last May despite a $75 million state loan guarantee. The bankruptcy left Rhode Island "on the hook for more than $100 million," which includes the bonds and interest.





All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

LG's rollable OLED TV goes on sale for $87,000

LG's rollable OLED TV goes on sale for $87,000

View
New trailer for 'The Mandalorian' season two brings back most of our old friends

New trailer for 'The Mandalorian' season two brings back most of our old friends

View
Intel sells its NAND flash memory business to SK Hynix for $9 billion

Intel sells its NAND flash memory business to SK Hynix for $9 billion

View
Can Evernote make a comeback?

Can Evernote make a comeback?

View
The SSC Tuatara has broken 330 mph and shattered a world speed record

The SSC Tuatara has broken 330 mph and shattered a world speed record

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr