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Weinstein Buyers Must Fulfill Investment Deals, Court Told

Law360 (June 13, 2019, 7:31 PM EDT) -- A pair of private equity-backed entities on Thursday urged a Delaware federal court to reverse a decision that the company that bought the assets of bankrupt movie studio The Weinstein Co. won’t have to assume the obligations under investment agreements related to a dozen film projects.

Y Movie LLC and Y Theatrical LLC, both owned by funds affiliated with private equity firm The Yucaipa Cos., along with YFE Holdings Inc., OA3 LLC, and RMF LLC, told the Delaware court that a bankruptcy judge wrongfully ruled that the investment agreements were excluded from a $289 million sale to Spyglass Media Group LLC,...

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Court

Delaware

Nature of Suit

Bankruptcy Appeal (801)

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Date Filed

April 11, 2019

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