Curt Schilling Sued for $2.35 Million due to Unpaid Loan by 38 Studios

by William D'Angelo, posted on 18 June 2012 / 3,414 Views

38 Studios founder Curt Schilling is being sued by Citizen Banks for $2.35 million. Schilling originally promised to pay back the loan that was given from the bank that the studio had borrowed. He had written a letter of credit for $2 million and a $350,000 credit card the bank gave to 38 studios. The letter of credit is equivalent to a security deposit.

"Schilling is liable to the bank in the total amount of $2,394,240.40, plus thereafter accruing interest and late fees, costs and costs of collecting, including, without limitation, attorneys' fees and expenses," said Citizens Bank. "Schilling has failed and refused, and continues to fail and refuse, to satisfy the outstanding indebtedness."


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4 Comments

withdreday (on 18 June 2012)

I guess it's safe to say he won't be making to many more games, eh?


WiiBox3 (on 18 June 2012)

"indebtedness" That's an awesome word.


the_dengle (on 18 June 2012)

No way did I think this Curt Schilling could be the same one who was once a World Series MVP. I looked it up, and sure enough... You guys didn't think to mention that? Just for clarification?


SecondWar (on 18 June 2012)

Oh dear, what a mess!