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United Kingdom 06/02

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No Federal 38 Studios Charges

The Washington Post has word that the U.S. Attorney's office in Rhode Island has stated there will be no federal charges following "a narrow and focused review of 38 Studios to see if any federal laws were broken, including bank fraud" in relation to the studio's financing and closure. They also note that the Rhode Island State Police are continuing to investigate whether any state laws were violated and that the state Economic Development Corp. has also hired a law firm to "investigate whether anyone might be held financially liable for the deal."

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