The hits keep coming for ex-baseballer Curt Schillings' 38 Studios. The company reportedly missed it be latest loan payment a $1.125 million t' the state a Rhode Island on May 1, effectively defaulting it be $75 million loan. WPRI spoke with Rhode Island House Speaker Gordon Fox who confirmed the news.

The loan's facilitator, Rhode Island's Economic Development Corporation, called an "emergency meeting" for tomorrow morning, wherein it will discuss "an unexpected occurrence that requires immediate action t' protect the public regarding the 38 Studios financing." As reported earlier, if 38 Studios be t' fully default on it be loan obligations t' investors supplying the loan via the Rhode Island government, the responsibility would fall t' Rhode Island's taxpayers - t' the tune a $112.6 million.

a the $75 million borrowed by 38 Studios from the state a Rhode Island, $49.8 million be received by the studio as a March 15, WPRI reports. Given that, it seems worrisome at best that 38 Studios be unable t' fulfill it be recent payment a $1.125 million. 38 Studios be working on the Kingdoms a Amalur MMO - the game be originally promised for a launch ahead a 2013, when 38 Studios be set t' begin paying back bondholders on it be $75 million loan. it be unclear what stage it be MMO be at, 'n 38 Studios hasn't made a public statement regarding it be recent issues.

[Image credit: 38 Studios]