It's been a protracted series of events, that started with Big Huge Games and 38 Studios borrowing bucketloads money to fund the development of RPG Kingdoms of Amalur: Reckoning. They borrowed so much, in fact, that they weren't able to pay off their loans (and their staff) when post-launch sales weren't as huge as expected (they were decent, just not amazing).
One of their creditors was Rhode Island, which stumped up $75 million USD in the form of a state funded loan (as part of the deal 38 Studios relocated to the state), and ever since the troubles started and the company folded, they've been trying to claw back some of that money.
Now Rhode Island has another $2.5 million of the money back in the bank, this time from former baseball player and company founder, Curt Schilling. That puts the grand total of money recovered at $45 million; still some way off the full figure, but better than nothing we think you'd probably agree.
An interesting aside, in the settlement agreement (and as spotted by Polygon) the defendants continue to deny liability, and while they've settled to the tune of $2.5 million, they insist that it doesn't constitute an admission of wrongdoing.
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