NY Studios Sues Steiner Over Navy Yard Financing Deal

Law360, New York (December 13, 2012, 2:11 PM EST) -- New York Studios Inc. filed a derivative suit Wednesday in New York against Steiner Digital Studios Inc. on behalf of their sprawling film studio joint venture, alleging Steiner Studios is unfairly attempting to boost its share of entitlement payments from the company.

NY Studios and Steiner Studios formed Eponymous Associates LLC in 1999, agreeing to disclose related tax records and financial information and provide about $82 million in permanent financing for the company, which was initially created to develop and operate 10 movie, film, TV and...
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