PROVIDENCE, R.I. (AP) - Rhode Island has rehired a financial adviser that it is suing for fraud and legal malpractice in connection with the failed 38 Studios deal.
The Providence Journal reports (https://bit.ly/1p8JmJJ ) that Lincoln-based First Southwest was chosen in March by the state Budget Office and the Treasury for a new two-year contract as the state’s financial advisor.
The governor’s office says First Southwest was picked after a thorough review over another company, PFM Group.
People were interested in these podcasts
First Southwest is one of 14 defendants in the state’s 2012 lawsuit that attempts to recoup the losses from the $75-million investment in 38 Studios, Curt Schilling’s video-game company.
First Southwest’s attorney, Gerald Petros says the company is gratified to be chosen for the job, and is contesting the allegations in the lawsuit.
___
Information from: The Providence Journal, https://www.providencejournal.com
Please read our comment policy before commenting.