Paramount Sues Investors Over Calif. Contract Claims

Law360, New York (February 13, 2012, 1:17 PM EST) -- Paramount Pictures Corp. and its former subsidiary DreamWorks Studios LLC on Thursday sued an investment group in New York state court, claiming the group’s California breach of contract suit against the studios violated the terms of a financing agreement.

In a complaint filed in Manhattan Supreme Court, Paramount claims a 2006 financing agreement stipulated that all disputes would be resolved under New York law and jurisdiction. The studios claimed Melrose Investors 2 LP unlawfully disregarded those mandatory forum stipulations when it filed a breach of contract...
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