'Bad Lieutenant' Investors Say Execs Siphoned Profits

Law360, New York (December 9, 2011, 7:51 PM EST) -- Investors in the Nicolas Cage film “The Bad Lieutenant: Port of Call New Orleans” lodged a suit against the now-defunct First Look Studios and others in a Los Angeles court on Dec. 2, accusing the producers of bilking them out of profits for the film.

Alan and Gabe Polsky brought the suit on behalf of their companies Polsky Films LLC and Polsky Holdings Inc., alleging that shortly before the film's release in September 2009, the Polskys invested $1.3 million with the film’s executives for the picture’s...
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