Rhode Island Superior Court has released tens of
Rhode Islanders await word on what they reveal about the state's deal with the failed video game company.
The documents are available on the court's website and by disc in person, according to court spokesman Craig Berke.
Each disc will be divided into two main folders. The depositions, not part of the court record, contain more than 1,300 files in 66 folders. The deposition files include transcripts and exhibits.
The unsealed court records include 242 files. Some of the unsealed court records will be related to motions that are already part of the public record. Those public motions will not be included with the documents released.
Late last month, Judge Michael Silverstein ordered the release of all documents, although he agreed on Sept. 18 to keep some of them under seal. He did, however, say they could be opened through requests made through Rhode Island's open-records law.
The Rhode Island Economic Development Corp. - since renamed Rhode Island Commerce Corp. -- issued a $75 million loan in 2010, backed by the state's moral obligation, to Schilling's company to lure it to downtown Providence from Maynard, Mass., in 2010.
38 Studios folded in 2012, filing for Chapter 7 bankruptcy.
Bond rating agencies threatened to downgrade Rhode Island if it didn't pay the debt, equating moral obligation debt to general obligation. Moody's Investors Service rates Rhode Island GOs Aa2. Fitch Ratings and Standard & Poor's rate them AA.
After making payments the past two years, Rhode Island owes just under $74 million in future principal and interest, according to state documents.
