Raimondo’s Statement on Commerce Corporation’s Proposed Settlement with the SEC

PROVIDENCE, R.I. – Governor Gina M. Raimondo released the following statement regarding the Commerce Corporation’s proposed settlement with the SEC:

«As I’ve said for years, 38 Studios was a bad deal for Rhode Islanders that should never have occurred. Today’s proposed SEC settlement over events that occurred in 2010 marks the end of all pending litigation related to 38 Studios, and Rhode Island is one step closer to moving on from this chapter in history. To that end, I have petitioned the Rhode Island Superior Court to release the 38 Studios grand jury investigation documents. Rhode Islanders deserve transparency on all public documents related to this case.»