Superior Court Judge Michael Silverstein approved Friday the latest settlement over the failure of 38 Studios. Under terms of the deal, an insurance policy for Curt Schilling and three other company executives will pay the state $2.5 million.
The settlement was announced earlier this week. The mediator in the case said given the uncertainty of a trial, it was better for the state to accept the settlement.
On Twitter, Schilling said he will discuss 38 Studios “uncut, edited and live” on his own radio show.
Even with the deal, taxpayers still owe about $28 million due to the collapse of 38 Studios in 2012.
One defendant remains in the state’s lawsuit over 38 Studios. That’s former state financial adviser First Southwest. The case is slated to go to trial in October, although mediator Francis Darigan said he hope to restart talks with First Southwest.
