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General: Schilling Being Sued for $2.4M USD

SBFordSBFord Associate Editor - News ManagerThe Land of AZPosts: 16,659MMORPG.COM Staff Uncommon

Gamasutra is reporting that 38 Studios head Curt Schilling is being sued for $2.4 million USD by Citizens Bank, the financial institution from which Schilling borrowed money.

The bank is attempting to leverage retail brokerage company Morgan Stanley Smith Barney to pull the funds out of Schilling's personal bank accounts.



"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," states the complaint.

The Kingdoms of Amalur: Reckoning developer declared bankruptcy earlier this month.

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Associate Editor: MMORPG.com
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Comments

  • ZekiahZekiah Aurora, COPosts: 2,499Member

    Whoops.

    From super-hyped to super-bankrupt.

    Perhaps one day developers and their financial backers will figure out that shiny bows and fancy wrapping can't cover up the mess inside the box.

    Nah, what am I thinking...

    "Censorship is never over for those who have experienced it. It is a brand on the imagination that affects the individual who has suffered it, forever." - Noam Chomsky

  • Panther2103Panther2103 Edmonds, WAPosts: 2,365Member Uncommon
    Originally posted by Zekiah

    Whoops.

    From super-hyped to super-bankrupt.

    Perhaps one day developers and their financial backers will figure out that shiny bows and fancy wrapping can't cover up the mess inside the box.

    Nah, what am I thinking...

    I thought it was a pretty fun game.

  • ZekiahZekiah Aurora, COPosts: 2,499Member
    Originally posted by Panther2103
    Originally posted by Zekiah

    Whoops.

    From super-hyped to super-bankrupt.

    Perhaps one day developers and their financial backers will figure out that shiny bows and fancy wrapping can't cover up the mess inside the box.

    Nah, what am I thinking...

    I thought it was a pretty fun game.

    Ahh, so you're the one. image

    Seriously though, the hype over this game was silly and it completely died. I had forgotten about this game until now so it must not be that great.

    "Censorship is never over for those who have experienced it. It is a brand on the imagination that affects the individual who has suffered it, forever." - Noam Chomsky

  • jorcoman2jorcoman2 LiverpoolPosts: 12Member

    Right out the park!

  • WhiteLanternWhiteLantern Nevada, MOPosts: 2,732Member Common

    Stop me if you've heard this one. A Baseball player, a comicbook artist and a fantasy writer walk into a bank............

    I want a mmorpg where people have gone through misery, have gone through school stuff and actually have had sex even. -sagil

  • monarc333monarc333 New York, NYPosts: 611Member Uncommon

    Good.

  • orbitxoorbitxo fort lauderdale, FLPosts: 1,411Member Uncommon

    to commentors:

    keep personal shots away from a great game- its a beautiful game. shame it went this route.

    what have u guys acomplished in the past years..but throwing cheap shots in a news blog website.

     
  • SiveriaSiveria Saint John, New BrunswickPosts: 1,200Member Uncommon
    Originally posted by Zekiah

    Whoops.

    From super-hyped to super-bankrupt.

    Perhaps one day developers and their financial backers will figure out that shiny bows and fancy wrapping can't cover up the mess inside the box.

    Nah, what am I thinking...

    Naw they won't relize it anytime soon diablo 3 is a prime example of it, pretty game but thats about all it has, I'd rather play diablo 2 or torchlight 2, both are vastly superior games.

    Being a pessimist is a win-win pattern of thinking. If you're a pessimist (I'll admit that I am!) you're either:

    A. Proven right (if something bad happens)

    or

    B. Pleasantly surprised (if something good happens)

    Either way, you can't lose! Try it out sometime!

  • monarc333monarc333 New York, NYPosts: 611Member Uncommon
    Originally posted by orbitxo

    to commentors:

    keep personal shots away from a great game- its a beautiful game. shame it went this route.

    what have u guys acomplished in the past years..but throwing cheap shots in a news blog website.

     

    The game is fine.

    The management of 38 studios is most certainly not fine. Whatever shots the leadership of that company gets, they deserve. Shilling included.

  • ZekiahZekiah Aurora, COPosts: 2,499Member
    Originally posted by orbitxo

    to commentors:

    keep personal shots away from a great game- its a beautiful game. shame it went this route.

    what have u guys acomplished in the past years..but throwing cheap shots in a news blog website.

     

    Well, I wasn't fortunate enough to accomplish a bankruptcy this year. However, I did stay at a Holiday Inn last night.

    "Censorship is never over for those who have experienced it. It is a brand on the imagination that affects the individual who has suffered it, forever." - Noam Chomsky

  • gilgamesh42gilgamesh42 tampa, FLPosts: 300Member

     i wish i had 2mil  :[

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  • year3215year3215 elkridge, MDPosts: 10Member

    its a game no game last for long you buy then get rid of them in a year paying for online games in this day in age is about as smart as asking to be tossed off a cliff new games come out every year all the same stuff over and over no one cares what games go bankrupt since there will be a new one with the same crap 2 months later

    Demon King

  • werewoodwerewood GTA, ONPosts: 76Member

    Its sad indeed. Personal implications are always sad. It is also sad for all of those people who lost some of their pension over the bad investment and poor financial govenrnance their local government did. I wonder if the bank there should get anything before the tax payers.

    http://werewood.wordpress.com/

  • fenistilfenistil GliwicePosts: 3,005Member
    Originally posted by monarc333
    Originally posted by orbitxo

    to commentors:

    keep personal shots away from a great game- its a beautiful game. shame it went this route.

    what have u guys acomplished in the past years..but throwing cheap shots in a news blog website.

     

    The game is fine.

    The management of 38 studios is most certainly not fine. Whatever shots the leadership of that company gets, they deserve. Shilling included.

    If you are referring to Copernicus - how do you know it was "fine"?

    Maybe it was a total mess?  Guess we'll never know.

    Unless you have some inside info...

  • JenuvielJenuviel Seattle, WAPosts: 960Member
    Originally posted by Panther2103
    Originally posted by Zekiah

    Whoops.

    From super-hyped to super-bankrupt.

    Perhaps one day developers and their financial backers will figure out that shiny bows and fancy wrapping can't cover up the mess inside the box.

    Nah, what am I thinking...

    I thought it was a pretty fun game.

     

    I liked it, too. Best ever? No, not even the best of the year (and possibly not even the best of the month), but I'm not sorry I bought it new. I had fun playing through it a few times, and I'm sure I'll play through it again at a later date. Yes, parts of it could've been better (the quests and npcs felt sort of soulless, and crafting was utterly broken), but those are things they could've improved upon in a sequel. We'll never know now, though.

     

    In any case, 38 Studios didn't die because of KoA, it died because of Copernicus. KoA wasn't the success they'd hoped for, but it wasn't a company-killer, either. It's really unfortunate - Curt's one of us, not some corporate villain. The man loves games, which is why he spent so much of his own money on 38 Studios. With his playing days behind him, he had a lot riding on this. I'm really sorry things went so badly for him and everyone involved.

  • AdamTMAdamTM Frankfurt Am MainPosts: 1,376Member
    Originally posted by Jenuviel
    Originally posted by Panther2103
    Originally posted by Zekiah

    Whoops.

    From super-hyped to super-bankrupt.

    Perhaps one day developers and their financial backers will figure out that shiny bows and fancy wrapping can't cover up the mess inside the box.

    Nah, what am I thinking...

    I thought it was a pretty fun game.

     

    I liked it, too. Best ever? No, not even the best of the year (and possibly not even the best of the month), but I'm not sorry I bought it new. I had fun playing through it a few times, and I'm sure I'll play through it again at a later date. Yes, parts of it could've been better (the quests and npcs felt sort of soulless, and crafting was utterly broken), but those are things they could've improved upon in a sequel. We'll never know now, though.

     

    In any case, 38 Studios didn't die because of KoA, it died because of Copernicus. KoA wasn't the success they'd hoped for, but it wasn't a company-killer, either. It's really unfortunate - Curt's one of us, not some corporate villain. The man loves games, which is why he spent so much of his own money on 38 Studios. With his playing days behind him, he had a lot riding on this. I'm really sorry things went so badly for him and everyone involved.

    But dont you understand?

    He personally killed 38 Studios.

    Also I've heard after the bancrupcy he went home to every single person working in the company, peed on their rug and raped their dog.

    The man is clearly a monster.

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  • monarc333monarc333 New York, NYPosts: 611Member Uncommon
    Originally posted by fenistil

    Originally posted by monarc333
    Originally posted by orbitxo
    to commentors: keep personal shots away from a great game- its a beautiful game. shame it went this route. what have u guys acomplished in the past years..but throwing cheap shots in a news blog website.  

    The game is fine.

    The management of 38 studios is most certainly not fine. Whatever shots the leadership of that company gets, they deserve. Shilling included.

    If you are referring to Copernicus - how do you know it was "fine"?

    Maybe it was a total mess?  Guess we'll never know.

    Unless you have some inside info...

     

    The fine is was referring to was KOA.
  • MephsterMephster Tyria, NJPosts: 1,188Member

    It just makes me think that a lot of those people over rn 38 Studios were severely overpaid. How do you go bankrupt when your game sells over a million copies ? 

    Grim Dawn, the next great action rpg!

    http://www.grimdawn.com/

  • VarkingVarking Winston-Salem, NCPosts: 433Member
    Originally posted by Mephster

    It just makes me think that a lot of those people over rn 38 Studios were severely overpaid. How do you go bankrupt when your game sells over a million copies ? 

    When it doesn't cover production costs. The game was a fun game to play though. It is unfortunate and it happens. You never like to hear or read about somebody have to go through something like this, including all those that worked for 38 Studios and their families.

  • ShojuShoju Hicksville, NYPosts: 771Member Uncommon
    Originally posted by Mephster

    How do you go bankrupt when your game sells over a million copies ? 

    When your game cost more to develop, and your company to run, than it returned in sales revenue.

  • BlueCameoBlueCameo FT CAMPBELL, KYPosts: 93Member

    Honestly, I would rather see gaming houses go bankrupt then allow free loaders and the F2P model.

    "Good, honorable gamers will continue to fit the bill for the poor and lower classed people. It's just a sign of the times." ~ Anonymous. Lakexeno.com

  • GTwanderGTwander San Diego, CAPosts: 6,035Member
    Originally posted by BlueCameo

    Honestly, I would rather see gaming houses go bankrupt then allow free loaders and the F2P model.

    How do you do that?

    You manage to turn anything into an F2P gripe, regardless of the subject matter.

     

    "Kane and Lynch scored a 5.5 on metacritc"

    "Better than it going F2P and seeing a bunch a freeloaders play off of MY hard-earned dime"

     

    "Nasa just launched a new shuttle aimed at exploring Jupiter"

    "As long as it doesn't mean SW:ToR going F2P, then I'm fine with that"

     

    "The Euro is holding steady this quarter"

    "Goddamned F2P making my currency value drop because of poor people!"

    Writer / Musician / Game Designer

    Now Playing: Skyrim, Wurm Online, Tropico 4
    Waiting On: GW2, TSW, Archeage, The Rapture

  • niceguy3978niceguy3978 Gainesville, FLPosts: 2,000Member
    Originally posted by BlueCameo

    Honestly, I would rather see gaming houses go bankrupt then allow free loaders and the F2P model.

    I dunno, F2P is much more capitalistic than the sub model.  In the sub model everyone is on equal footing; very communistic/socialistic (pick you derogitory economic slur).  F2P with a cash shop, only those that fork over money get access to everything the game offers, or if it is a particularly forgiving f2p model like Aion, then you can buy xp boosts and other items that the pesants can't afford and you can.  Capitalism FTW!

  • cerebrixcerebrix Orange, CAPosts: 566Member
    Originally posted by niceguy3978
    Originally posted by BlueCameo

    Honestly, I would rather see gaming houses go bankrupt then allow free loaders and the F2P model.

    I dunno, F2P is much more capitalistic than the sub model.  In the sub model everyone is on equal footing; very communistic/socialistic (pick you derogitory economic slur).  F2P with a cash shop, only those that fork over money get access to everything the game offers, or if it is a particularly forgiving f2p model like Aion, then you can buy xp boosts and other items that the pesants can't afford and you can.  Capitalism FTW!

    the communists made most of the parts in the computer you posted on

     

    the communists likely made most of the parts in your cell phone and tv

     

    the communists made parts in your american car

     

    and the communists continually loan us money so we can buy more stuff from the communists.

     

    how exactly is capitalism for the win again?

    Games i'm playing right now...
    image

    "In short, I thought NGE was a very bad idea" - Raph Koster talking about NGE on his blog at raphkoster.com

  • GTwanderGTwander San Diego, CAPosts: 6,035Member
    Originally posted by cerebrix

    the communists!!!

    the communists!!!

    the communists...

    COMMUNISTS!!!

    What, is this the 1950's? Just say "the Chinese" ffs...

    ~and I blame politicians that knew they could get rich via lobbying and leave office long before helter skelter came.

    Writer / Musician / Game Designer

    Now Playing: Skyrim, Wurm Online, Tropico 4
    Waiting On: GW2, TSW, Archeage, The Rapture

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