The federal bankruptcy trustee in the case of 38 Studios wants to explore opening a second legal front in a bid to recoup losses from a failed $75 million state investment in former Red Sox pitcher Curt Schilling’s defunct video game company, the Associated Press reported yesterday. The Rhode Island Economic Development Corp. (EDC) last week voted to allow the trustee in the case, Jeoffrey Burtch, to use up to $150,000 in assets recovered from the company to investigate potential claims against its former officers and directors and other parties, said Thomas Carlotto, an attorney for the agency. The EDC is already suing Schilling, other company executives and some of its own former officials over the $75 million loan guarantee that the EDC board approved in 2010 to lure 38 Studios from Maynard, Mass., to Providence, R.I. The company filed for bankruptcy last year. The state is now on the hook for about $90 million related to the deal, which was financed with bonds.
