The Wrap Hit With Fraud Suit Over Film Site Takeover

Law360, Los Angeles (January 15, 2013, 10:08 PM EST) -- A film database company owner accused executives at entertainment news website The Wrap News Inc. in California state court Tuesday of fraudulently forcing him to give up his shares in the gossip site after the two companies signed a sour merger deal.

Jason Scoggins, who in 2009 founded Itsonthegrid Inc., a database that logs information on the feature film development business, claims The Wrap owner Sharon Waxman and its top executive, Mark Davis, coerced him into surrendering shares in The Wrap he had acquired in the...
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