NEW: Government Reform Groups Call For Formal 38 Studios Investigation
Thursday, August 20, 2015
Presently, Governor Lincoln Chafee's lawsuits against a range of individuals and companies have secured nearly $17 million in payments.
The statement by the groups calls on Superior Court Judge Silverstein, Governor Gina Raimondo and Speaker Mattiello to take action on related investigations and asks for document releases.
Specifically, they call for:
1. We call on Superior Court Judge Michael Silverstein to unseal all documents relating to the 38 Studios affair. There is a compelling public interest to understand who the key players were in developing this deal, what their motivations were for doing so and how they may have profited from the deal. We need to understand the dynamics that made it possible for this disastrous deal to be completed - so that we can ensure that it can never happen again.
2. We call on Governor Raimondo to launch an independent investigation, potentially naming a special investigator outside of any Rhode Island-based sphere of political influence, to look into all participants and actions that led to the 38-Studio deal, so that the public can be fully informed of how this crony deal came to pass. To function properly as a State, the public's trust must be restored that our elected leaders have our best interests at heart. We believe that the pushback against the baseball stadium comes largely from a lack of trust on the part of the public that our government is acting in our best interests.
3. We call on Speaker Mattiello to agree to grant any and all subpoena requests made by Chairwoman Karen MacBeth's House Oversight Committee with regard to the committee's 38 Studios investigation and to publicly support the resumption of committee hearings this fall.
4. In order to avoid a "38 Stadium" boondoggle, we call on the Governor and the Speaker to immediately and publicly disclose the most recently proposed terms of the Pawtucket Red Sox relocation negotiations, and to pledge to make all future negotiations as public as possible.
Ken Block, the chairman of Watchdog RI also weighed in on the situation.
"It now seems more clear than ever that the current legislature, specifically the current Speaker, as well as Governor Raimondo, owe the state's taxpayers a government subpoena power investigation into exactly when, how, and under what arrangement 38 Studios was lured to Rhode Island; the full role of disgraced former Speaker Fox; and who else knew what-and when. This insider deal resulted in a huge loan liability now owed by taxpayers, a costly state lawsuit, and a disgraced economic development agency. We deserve the full story," Block said.
Related Slideshow: 38 Studios Legal Fees
New state records show that state legal fees associated with the 38 Studios bankruptcy are nearing $1 million. Below is a breakdown of how much each firm has made - and stands to make in the future. Figures are taken from documents provided by the Rhode Island Commerce Corporation.
Wistow & Barylick, Providence, RI
Attorneys: $175/hour, $225/hour & $250/hour
Contingency Fee: The RI Commerce Corporation agreed to pay Wistow & Barylick 16 2/3% of the gross of any amount recovered from a lawsuit, compromise, settlement or otherwise. This is not stipulated with the other law firms.
Note: Wistow & Barylick will only be paid at these rates if the state terminates its contract with the firm.
Wistow & Barylick's Fees:
Total Fees: $156,805.37
Note: The above amounts paid to Wistow & Barylick cover the cost of out-of-pocket expenses such as filing fees, costs of depositions, obtaining records, charges for computer-assisted legal research, costs of expert consultants, and the costs of witnesses.
- Does RI Have a Moral Obligation on 38 Studios?
- LISTEN 38 Studios: Should the SEC Investigate?
- 38 Studios: Should the SEC Investigate?
- 38 Studios: Legislators Push to Sue Bond Ratings Agencies
- LISTEN: Bill to Stop 38 Studios Bond Repayment Gets Surprise Hearing
- State Legal Fees for 38 Studios Near $1M
- 38 Studios Legal Fees
- 38 Studios: RI Financial Advisor’s Lawyer Gave Thousands in Political Donations to Elected Officials
- LISTEN: State Legal Fees for 38 Studios Near $1M
- NEW: Treasurer Candidate Almonte Calls on Legislature to Act on 38 Studios Now
- Protesters Oppose 38 Studios Bailout, Demand Accountability
- Clawback Suits Filed by 38 Studios Trustee
- Bill to Stop 38 Studios Bond Repayment Gets Surprise Hearing
- NEW: RWU Moving into Former 38 Studios Offices in Providence
- Corrente’s Connections to 38 Studios Lawyer Corso
- Guest MINDSETTER™ Dr. Mazze - New PawSox Stadium v. 38 Studios Lessons Unlearned
- Frank Williams Appointed Mediator in 38 Studios Lawsuit
- Raimondo Using Same Consultant for Truck Toll Plan that RI is Suing for 38 Studios
- NEW: RI General Assembly Subpoenas Withdrawn in 38 Studios Case
- NEW: Mollis Questions McKee’s 38 Studios Connections
- Chafee Renews Push for Redoing Schilling Deal
- Mayoral Candidates Debate Curt Schilling Deal
- Schilling Signs Lease for Office in Downtown Providence
- EDC Director: $75M Schilling Deal Was ‘Misunderstood’
- New Schilling Video Game Gets Positive Reviews
- Former State Senator Moura Says Schilling Deal Should Be Delayed
- Caprio Throws Curveball at Schilling Deal
- Caprio Changes Position, Supports Schilling Deal
- Schilling Deal Could Threaten RI Film and TV Industry
- Candidates Shocked Schilling Could Get Tax Credit Too
- Carcieri Accuses Caprio of Meddling in Curt Schilling Deal
- Seen: Curt Schilling + More Celebs
- Red Sox Report: No Bobby Ball And Another Schilling Shot
- Curt Schilling Slams Governor Chafee on Twitter
- Schilling on Chafee: ‘I Think He had an Agenda and Executed it’
- Curt Schilling to be Featured in ESPN Documentary on Broke Athletes Tonight
- NEW: Schilling Posted Bloody Sock as Collateral for Loan
- NEW: Schilling Tweets at Heckler “How About I Just Knock You Out?”
- NEW: Citizens Suing Schilling for $2.4 Million
- Providence Investors Gave Schilling 7-Figure Loan in 2009
- Should EDC Give Curt Schilling a New Deal?
- Schilling in 2010: ‘We’re Not Looking for Tax Credits’
- Schilling Claimed 38 Studios Would Create Over 1,500 Jobs
- Schilling has Invested ‘Majority of Money I’ve Earned in My Life’ in 38 Studios
- NEW: Schilling Heckler is Providence Wannabe Comedian
- NEW: Fung Demands Full Investigation of 38 Studios
- Michael Riley: 38 Studios Insider Trade and Municipal Fraud
- NEW: Block Urges Voters to Watch How Legislators Vote on 38 Studios
- NEW: McKee Launches Online Petition for Investigation into 38 Studios
- 38 Studios Settlement Reached for $12.5 Million with Adler Pollock, Stokes, and Saul