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1540 WADK.com Updates

38 Studios Defendants Must Give Additional Testimony


The Rhode Island judge presiding over the 38 Studios lawsuit has ruled that First Southwest, Wells Fargo and Adler Pollock & Sheehan must give additional depositions. The three defendants had asked the judge to rule that they would not need to provide additional testimony. That request was denied. The Economic Development Corporation has sued 14 parties over the collapse of the failed 38 Studios, which received a $75 million dollar state-guaranteed loan.

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