Investor Says Bankrupt Bergstein Owes $590M For Loan Fraud
By David McAfee
Law360, Los Angeles (November 7, 2013, 9:56 PM ET) -- An investor and business man hit film financier David Bergstein with a fraud lawsuit in New Jersey federal court on Wednesday, seeking more than $590 million for misrepresentations made about cash loans in connection with film production for "Before the Devil Knows You're Dead” and other titles.
The lawsuit raises allegations that Bergstein and his longtime business partner Ronal N. Tutor made representations and false statements to trick plaintiff Paul Parmar out of millions of dollars in connection with various loan ventures. Involuntary bankruptcy proceedings were...