Paramount Loses Bid To Toss $3.75M 'No Country' Suit

Law360, Los Angeles (August 22, 2011, 7:43 PM EDT) -- A California judge on Monday denied Paramount Pictures Corp.’s motion to throw out a lawsuit alleging the studio breached its fiduciary duty by short-changing an investor in the Oscar-winning film "No Country For Old Men" to the tune of $3.75 million, according to an attorney in the case.

“The court has decided they’re not entitled to summary judgment,” investor Marathon Funding LLC’s attorney Hillel Chodos said Monday. “We believe not only are they entitled to summary judgment, but they should lose a great deal of money,...
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