Shutdown Delays Settlement Over 38 Studios - NECN

Shutdown Delays Settlement Over 38 Studios

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    Shutdown Delays Settlement Over 38 Studios
    The Associated Press
    Curt Schilling weighs running against Sen. Elizabeth Warren

    The U.S. Securities and Exchange Commission and Wells Fargo Securities say they have agreed in principle to settle a lawsuit over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company.

    But they said in a court filing on Thursday that final approval is delayed due to the government shutdown. They're asking a federal judge to put the case on hold until the shutdown is over and the agreement can be considered and approved.

    The SEC sued Wells Fargo and Rhode Island's economic development agency in 2016, accusing them of making misleading statements about bonds used to fund the deal to move 38 Studios from Massachusetts to Rhode Island.

    The economic development agency previously settled the case, paying a $50,000 penalty without admitting wrongdoing.

    Total Lunar Eclipse Comes with Supermoon Bonus

    [NATL] Total Lunar Eclipse Comes with Supermoon Bonus

    On Sunday night, the moon, Earth and sun lined up to create an eclipse, which was visible throughout North and South America, where skies were clear. It was also the year's first supermoon, when a full moon appears a little bigger and brighter. (This video does not have audio)

    (Published Monday, Jan. 21, 2019)

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