38 Studios is deceased in all but name, but at least Curt Schilling's failed video game start-up won't be facing federal criminal charges. A spokesperson for the U.S. Attorney's office has said that it is not planning to pursue any further federal action against the company.
The statement was given to the Associated Press (via Gamasutra), putting the federal matters to rest. The Attorney's office had been investigating if the company had committed any federal crimes while attempting to keep the company solvent.
That should serve as some relief for 38 Studios, but the company isn't out of the woods yet. It's still under investigation from the Rhode Island State Police into whether it broke any state laws, which says it is following "all leads that are presented to us." Meanwhile, Rhode Island Economic Development has hired on a law firm to check into the possibility of financial liability.