The trustee handling the 38 Studios’ bankruptcy case in Delaware is making his latest bid to recover money from the people and companies that did business with the failed Providence, R.I.-based video-game company, the Providence Journal reported today.
The complaint filed on Oct. 3 in the U.S. Bankruptcy Court for the District of Delaware by trustee Jeoffrey Burtch said that lawyer Michael Corso should not have been paid $232,800 shortly before the company collapsed because 38 Studios “was insolvent on the date that such transfer was made.” The payment was just some of the money paid out to vendors in the waning days of the company’s existence. 38 Studios filed for federal bankruptcy in June 2012, just months after it released its first video game. The company never completed the more-complicated game, which underpinned a $75 million loan guarantee that the R.I. Economic Development Corp. gave it to move to Providence.
