VC Firm Sues Rizvi Traverse Over Film Flop

Law360, New York (August 24, 2011, 1:56 PM EDT) -- A venture capital and private equity firm sued Rizvi Traverse Management LLC in Texas federal court on Tuesday, alleging Rizvi misled investors about the commercial viability of the 2010 film "Tekken," which flopped at the box office.

Small Ventures USA LP alleges Rizvi convinced it to make an investment worth $10 million in a loan owned by for the production of "Tekken" — a film based on the popular video game of the same name — despite the fact that Rizvi knew the loan to sponsor the...
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