The lawyer handling the federal bankruptcy portion of the 38 Studios legal issues has reached another in a string of financial settlements in the lengthy case, the Providence (R.I.) Journal reported today. When 38 Studios filed for federal bankruptcy in June 2012, federal court filings showed that it owed $150 million and had just $21 million in assets — including $12.7 million then held in reserve by the state in public bond proceeds. A federal judge appointed Jeffrey L. Burtch, a Delaware lawyer, to wind down the company's operations. Burtch filed about 20 separate claims in 2014 against vendors to "claw back" money that would go to pay the company's creditors. He sought to get back nearly $1 million, in all, from firms including PricewaterhouseCoopers LLC, Dell Marketing LP, Oracle America Inc., the Hilton Providence hotel and others. According to a filing made earlier this month, software company Oracle America Inc. has agreed to pay $30,000 to settle the claim against it.
