Paramount Settles $375M Film Investment Contract Row

Law360, New York (January 14, 2013, 6:14 PM EST) -- Paramount Pictures Corp. on Friday resolved a $375 million fraud suit by Melrose Investors 2 LP which claimed it had helped finance more than two dozen films but had not received any profits.

The parties resolved the suit in a confidential settlement filed in California state court, Melrose's attorney Mark Holscher of Kirkland & Ellis LLP confirmed to Law360 on Monday, saying only that the “the dispute was satisfactorily resolved.” Attorneys for Paramount did not immediately respond to requests for comment.

In its November 2011 complaint,...
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