Bank Sues Schilling for $2.4 Million

Things keep getting worse for Curt Shilling. Now Citizen’s Bank is suing the 38 Studios founder after allegedly promising to repay money borrowed from the bank.

According to a report from WRPI.com, the lawsuit was filed the same day 38 Studios declared bankruptcy. The bank claims Schilling “personally guaranteed a $2 million letter of credit and a $350,000 corporate credit card the bank gave 38 Studios,” which both 38 Studios and Schilling refused to pay off.

“Schilling has failed and refused, and continues to fail and refuse, to satisfy the outstanding indebtedness,” the complaint reads. WPRI.com has a nice roundup of all the details from lawsuit. Check out their story for more details.

(Via Game Informer)

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