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No Federal Charges over Subsidized Game Company's Collapse

Federal authorities will not pursue criminal charges against Kingdoms of Amalur publisher 38 Studios over its handling of millions in loans before the company collapsed earlier this year.

Rhode Island's U.S. Attorney's office began conducting a review in June to see if 38 Studios' management had broken any federal laws, such as bank fraud, hoping to find out if the studio provided false information when seeking loans to keep the company afloat.

Source: Gamasutra. Read full article. (link)

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