Teen Idol, Producers Sued Over Failed Film Loan

Law360, New York (August 8, 2011, 1:49 PM EDT) -- Third Eye Capital Corp. accused the producers of box office flop "Free Style" and star Corbin Bleu on Thursday in California of fraud and breach of contract over $12 million it says is outstanding on a marketing loan for the film.

The alternative financing company along with seed capital company Strative Capital Ltd. accused a slew of organizations involved in the motorcycle-racing film — including Freestyle Productions LLC, Rigel Entertainment Inc., Del Mar Entertainment Group and Samuel Goldwyn Films LLC — of grossly exaggerating both the...
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