Rather than prolonging their legal battle, former Phillies pitcher Curt Schilling and his partners will settle their lawsuit with the Rhode Island Economic Development Corporation. The parties reached a $2.5 million settlement, a mere fraction of the near $75 million deal between Schilling’s failed video game studio, 38 Studios, and the RIEDC.
The mediator of the case, retired Superior Court Judge Francis Darigan, said the settlement is “a practical move on the part of the state.” Lawyers from RIEDC stated the case is “highly unusual” and “makes no economic sense” to bring to trial.