'No Country' Investor Owed No Fiduciary Duty: Paramount

Law360, Los Angeles (October 3, 2011, 9:06 PM EDT) -- Paramount Pictures Corp. told a California judge Monday that it didn't owe fiduciary duty to an investment fund that claims it was cheated out of revenue from “No Country for Old Men,” saying an error-filled contract at the heart of the suit was executed before the film was financed.

“There is no fiduciary duty explicitly anywhere in the contract with [Marathon Funding LLC],” said Paramount attorney Richard B. Kendall of Kendall Brill & Klieger LLP. "The investment agreement makes clear that they're required to pay losses...
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