Film Co. Jumped Summary Judgment Gun In $45M EB-5 Suit

Law360, New York (April 20, 2015, 3:14 PM EDT) -- A Georgia federal judge denied Open Rivers Media Group Inc. summary judgment in its $45 million suit against various entertainment-related companies and former National Basketball Association player Theo Ratliff over an unsuccessful EB-5 funding deal, ruling Friday the bid was made too soon.

U.S. District Judge Steve C. Jones said that the case — which accuses Ratliff, his company, Ratliff Entertainment LLC, the Southern Film Regional Center LLC and others of pushing Open Rivers out of a lucrative funding opportunity with the EB-5 immigrant investor program — was only slightly more than a month old and that Open Rivers' partial summary...

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