Online: 0 Guests: 19
March 9, 2009 - Terminator Salvation / lawsuit filed by Moritz Berman against Halcyon
Scooped on Monday, March 9, 2009
Last Friday a lawsuit was filed by producer Moritz Borman against fellow Terminator Salvation producers Derek Anderson, Victor Kubicek and The Halcyon Company, the production entity assembling the new movie. As reported by Variety, Borman claims that Halcyon and his two partners committed fraud and breach of contract by not paying him the agreed upon full amount for his producing duties on T4 as well as securing the rights. Borman's lawsuit asks for more than $160 million dollars in damages.
In the documents filed at Los Angeles Superior Court, the papers state that after Borman helped lock down the initial financing needed to start the development of the movie and secure the rights, he was supposed to get paid $5 million dollars and a future back-end compensation amount. Instead, the lawsuit alleges, Borman got paid $2.5 million and was locked out from working on the movie around the end of filming, last July. "Soon after, it also came to light that Anderson and Kubicek did not have the means to finance the picture, had defaulted on numerous loans and owed over $1 million to creditors on the picture," the suit mentions and as reported by Variety.
The paperwork also calls the background of the two defendants "shady" and that Borman wouldn't have worked getting his former partners the Terminator franchise rights if he had known of their intentions and former history. "Notwithstanding the fact that defendants obtained the substantial franchise rights and assets through Borman, Anderson and Kubicek failed to honor their assurances, representations and contractual obligations to Borman," Borman's lawsuit states. "Defendants' egregious fraud, bad faith conduct and refusal to abide by their contracts has led to the filing of this lawsuit."
Even with all of the heavy-handed wording of Borman's lawsuit, the case is unlikely to effect the planned release of Terminator Salvation on May 21.
There are currently no comments