BREAKING: State Files Suit Against Curt Schilling, Keith Stokes & Several Law Firms
Thursday, November 01, 2012
Also named in the lawsuit were the lawfirms Adler Pollock & Sheehan and Moses Afonso Ryan. It is unclear how many other individuals or firms were named.
The lawsuit comes several months after Schilling’s video game company filed for bankruptcy less than two years after receiving a $75 million loan guarantee from the state. In its bankruptcy filing, the company reported less than $22 million in assets and owed just over $150 million to over 1,000 mostly-unsecured creditors, court records. The state is the largest secured creditor at $115.9 million.
The company's cash-flow problems first came to light when it defaulted on a $1.125 million payment due to the state’s Economic Development Corporation (EDC) in May.
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