Almost a decade after shutting down, Curt Schilling’s 38 Studios is finally sending employees money it owes them

Nine years after Kingdoms of Amalur: Reckoning developer 38 Studios was unceremoniously shut down, some of its 400 laid-off employees are finally receiving some portion of their final paychecks… sort of.
According to bankruptcy documents, Bloomberg reports that former baseball player Curt Schilling’s company will pay “many” of its former staff members about 14% or 20% of what each employee is respectively owed. When 38 Studios shut down and declared bankruptcy in 2012, it failed to pay its 400 employees their final paychecks before the studio ran out of money and shut down in May. Four years after shutdown, 38 Studios reached a financial settlement in court with the state of Rhode Island, which had loaned $75 million to Schilling (meant to support the studio’s projects for several years) through the Rhode Island Economic Development Corp.
In June, one former employee told Bloomberg they had received their paycheck just this week after payouts were determined in a Delaware court. Other employees reportedly told Bloomberg their checks had arrived at old addresses since some had moved multiple times in the years since.
Nine years after Kingdoms of Amalur: Reckoning developer 38 Studios was unceremoniously shut down, some of its 400 laid-off employees are finally receiving some portion of their final paychecks… sort of.
According to bankruptcy documents, Bloomberg reports that former baseball player Curt Schilling’s company will pay “many” of its former staff members about 14% or 20% of what each employee is respectively owed. When 38 Studios shut down and declared bankruptcy in 2012, it failed to pay its 400 employees their final paychecks before the studio ran out of money and shut down in May. Four years after shutdown, 38 Studios reached a financial settlement in court with the state of Rhode Island, which had loaned $75 million to Schilling (meant to support the studio’s projects for several years) through the Rhode Island Economic Development Corp.
In June, one former employee told Bloomberg they had received their paycheck just this week after payouts were determined in a Delaware court. Other employees reportedly told Bloomberg their checks had arrived at old addresses since some had moved multiple times in the years since.
“All of a sudden, we were this toxic political mess that nobody wanted to touch,” designer Ian Frazier told Schreier.
As if company-wide layoffs weren’t bad enough, Schilling’s financial management resulted in many employees taking a hit to their own wallet for expenses the company initially said it would cover, including thousands of dollars in expense reports and mortgages 38 Studios had promised to assist with.
Although the studio failed to auction off the rights to its game in 2013, the game was eventually remastered in 2020 as Kingdoms of Amalur: Re-Reckoning.

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