Teen Idol, Producers Sued Over Failed Film Loan

Law360, New York (August 8, 2011, 1:49 PM EDT) -- Third Eye Capital Corp. accused the producers of box office flop "Free Style" and star Corbin Bleu on Thursday in California of fraud and breach of contract over $12 million it says is outstanding on a marketing loan for the film.

The alternative financing company along with seed capital company Strative Capital Ltd. accused a slew of organizations involved in the motorcycle-racing film — including Freestyle Productions LLC, Rigel Entertainment Inc., Del Mar Entertainment Group and Samuel Goldwyn Films LLC — of grossly exaggerating both the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.