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Curt Schilling Sued for $2.4 Million By Bank

PROVIDENCE, R.I. (AP) — A bank has sued Curt Schilling to recover $2.4 million in loans it made to the former Boston Red Sox pitcher’s Rhode Island-based video game company.

The Boston Globe reports (http://b.globe.com/L7ITWS) that RBS Citizens, better known as Citizens Bank, says Schilling personally guaranteed the debt to the bank but has “failed and refused” to pay it.

Schilling’s 38 Studios filed for Chapter 7 bankruptcy protection last week. It laid off its entire workforce in May soon after it was late in making a $1.1 million payment to the Rhode Island Economic Development Corp.

The company was lured from Massachusetts to Rhode Island in 2010 after receiving a $75 million loan guarantee from the state.

Messages were left Thursday with public relations companies representing Schilling.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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