Citizens Bank is not happy with Curt Schilling, because the company is suing the ex-Red Sox player personally for $2.4 million. Schilling is being sued under allegations that he promised to personally repay the money that had been borrowed from the bank. According to the lawsuit, Curt Schilling had personally guaranteed a $2 million line of credit as well as a $350,000 credit card, both of which 38 Studios and Schilling have refused to pay.
38 Studios is currently under investigation by the State of Rhode Island and the Federal Bureau of Investigation over the $75 million in loans that Rhode Island taxpayers are now on the line for.
“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.”
Citizens Bank has requested that Schilling’s assets be frozen, claiming that the company would be unlikely to recover any money in bankruptcy court.
Undoubtedly far more into the 38 Studios story will be revealed as ongoing lawsuits and investigations continue.
(Source: WPRI.com)