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'Wolf Of Wall Street' Film Co. To Pay $60M To End 1MDB Probe

Law360 (March 8, 2018, 8:24 PM EST) -- A California federal judge signed off on a $60 million settlement between the U.S. government and production company Red Granite Pictures Inc. on Thursday, closing out the first two cases in the government’s sprawling probe into billions stolen from Malaysian sovereign wealth fund 1Malaysia Development Bhd.

The payment, which will be spread out over the course of a year, will allow Red Granite to retain the rights to its blockbuster “The Wolf of Wall Street” and the films “Daddy’s Home” and “Dumb and Dumber To.” The...
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