Judge To Keep Suit Over Paramount's Movie Profits In Calif.

Law360, Los Angeles (April 3, 2012, 4:39 PM EDT) -- A California judge indicated Tuesday that he would refuse Paramount Pictures Corp.'s bid to adjudicate a breach of contract suit in New York that accuses the studio of shortchanging investors who shelled out $375 million to help finance the production of dozens of films including "Transformers."

California Superior Court Judge Michael P. Linfield said in a tentative ruling that a forum selection clause in a production agreement between Paramount and Melrose Investors 2 LP isn't mandatory and doesn't include language saying the complaint must be litigated...
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.