Judge Refuses To Toss Suit Over Stereo D Equity

Law360, Los Angeles (July 22, 2011, 6:27 PM EDT) -- A California state judge ruled Friday that visual effects company Stereo D LLC — which is working on 3-D conversions of “Captain America” and other Hollywood blockbusters — had to defend against a lawsuit claiming a sales agent was contractually entitled to a 16 percent stake in the company.

Judge Michelle R. Rosenblatt's denial of the company's motion for summary judgment is a setback for Stereo D, which claims the plaintiff, David Phillips, is entitled to no ownership stake in the company. Stereo D, formed in...
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