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jcy123 Offline

Unübertreffbarer Weltmeister in alles Disziplinen

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03.05.2019 08:23
the 38 Studios deal. But the U.S. Securities and Exchange Commission is still pursuing a lawsuit against Wells Fargo and Rhode I Antworten

PROVIDENCE, R.I. -- Rhode Island has reached a $25.6 million settlement with two of the financial backers it sued over a disastrous deal with former Red Sox pitcher Curt Schillings 38 Studios video game company.The states Commerce Corp. announced Tuesday that it has agreed to the proposed settlement with Wells Fargo Securities and Barclays Capital Inc.The settlement was filed Tuesday in Rhode Island Superior Court and is contingent on the courts approval.The company founded by Schilling moved from Massachusetts to Rhode Island in 2010 after the states economic development agency agreed to give it a $75 million loan guarantee. The deal was financed through bonds offered to investors. Less than two years later, 38 Studios ran out of money and filed for bankruptcy.The state says its still in litigation with First Southwest Co. and Schilling.The new settlement brings to $42 million the amount the state has recovered from parties involved in the deal.This really and truly is a hard-won victory for all the parties, particularly the taxpayers of the state of Rhode Island, said retired Superior Court Judge Francis Darigan, Jr., who was called in as a mediator to help broker the settlement.Darigan told reporters Tuesday that negotiations are ongoing with the other parties and he is hopeful they can agree to a settlement before a trial scheduled for October. But he described Wells Fargo and Barclays as the biggest players and said hes doubtful the state will be able to recover from the remaining parties the nearly $40 million it says its still owed.That might be a stretch, Darigan said. Im hoping that we can make a significant contribution towards that, but I dont want to mislead anybody to think that the state is going to recover every nickel.Wells Fargo said in a statement that its pleased to have reached an agreement.We are not admitting liability, nor did we do anything improper, spokesman Gabriel Boehmer said in a statement. It is simply in our shareholders best interest to minimize the risk that accompanies lengthy litigation.The states top law enforcement officials announced last month that there would be no criminal charges following a yearslong investigation into the people and organizations involved in the 38 Studios deal. But the U.S. Securities and Exchange Commission is still pursuing a lawsuit against Wells Fargo and Rhode Islands economic development agency, which accuses them of making materially misleading statements about the bonds used to fund the deal.Democratic Gov. Gina Raimondo said in a statement Tuesday that the settlement is a big step in recovering taxpayer money lost to a bad deal.Rhode Islanders understandably feel hurt by this deal -- and I do too -- but I want everyone to know that we are demanding accountability, getting money back, and moving the state forward, she said.Nike Free Online Sale . That gave fans outside Joe Louis Arena another chance to ask for autographs from the 19-year-old whose stardom in the NHL has arrived earlier than most expected. Discount Nike Free Shoes NZ . -- Aldon Smith believes he is on the path to being sober for good. http://www.nikefreenz.com/ . Nathan MacKinnon, Jamie McGinn and Jan Hejda also scored for the Avalanche, who won despite being outshot 38-23. MacKinnons goal, also on the power play, came with just over a minute remaining. Nike Free NZ Sale . They hope to persuade the other team owners and commissioner Roger Goodell to put pressure on Redskins owner Daniel Snyder to drop the nickname they find offensive. "Given the way the meeting transpired," Ray Halbritter, an Oneida representative and leader of the "Change the Mascot Campaign," said Wednesday, "it became somewhat evident they were defending the continued use of the name. Cheap Nike Free NZ . It was Kerbers third final of the year after losing to Anastasia Pavlyuchenkova of Russia in Monterrey in April and to Petra Kvitova of Czech Republic in Tokyo two weeks ago. The 10th-ranked German improved her record in finals to 3-5.The?Los Angeles Clippers?meeting with Kevin Durant on Friday will be led by coach Doc Rivers and owner Steve Ballmer, but sources indicate that Blake Griffin, DeAndre Jordan and Chris Paul could also attend to pitch the Oklahoma City Thunder free agent on being part of a Big Four.The pitch will be to get Durant to join them this offseason, and Plan B would be to get him to consider joining the trio next summer if he ends up signing a one-year contract elsewhere.Though Durant is meeting with Thunder officials in Oklahoma City on Thursday afternoon, sources tell ESPNs Marc Stein that Oklahoma City is also seeking a second meeting with Durant and his representatives this holiday weekend.The Thunders hope, sources told Stein, is getting one last chance to pitch Durant after five other teams?make their scheduled presentations.Durants first meeting Friday morning in the Hamptons on Long Island will be with the Golden State Warriors before meeting with the Clippers later in the day. On Saturday, he will meet with the San Antonio Spurs and later the Boston Celtics. He will conclude his weekend meetings Sunday with the Miami Heat.It has been assumed that the Clippers would have to trade one of the threee players in order to make room to sign Durant under the salary cap.dddddddddddd. However, sources have told ESPN that part of the Clippers plan is to pitch Durant on playing alongside Paul, Griffin and Jordan.The Clippers would have to renounce their rights to their free agents -- Austin Rivers, Jeff Green and Jamal Crawford -- and find a trade for JJ Redick.?Durant would have to be willing to accept slightly less than a maximum salary this year.To demonstrate their commitment to keeping Griffin, Jordan and Paul, sources said the Clippers invited all three players to attend their meeting with Durant. Its an important affirmation of Doc Rivers previous statements about keeping the teams core together.Jordan was training at the Clippers facility Thursday and didnt comment on recruiting Durant, but multiple team sources said there is a distinct possibility Paul, Griffin and Jordan could be at the meeting on Friday.The players presence would likely hinge on Pauls availability, as he is returning from a family vacation.ESPNs Chris Broussard contributed to this report. ' ' '

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