Hollywood producer Joel Silver is suing Wall Street giant Goldman Sachs for breach of contract and fraud, claiming that the investment bank didn't pony up $30 million that was due from financial arrangements regarding his Dark Castle production company.
The lawsuit claims that Goldman Sachs agreed both orally and in print to pay Silver $30 million in exchange for revenue made from the Dark Castle films. Silver's complaint reads:
"Despite their vast wealth and resources they [the Goldman defendants] have repudiated and breached their contractual obligations to pay the Silver Parties at least $30 million, made fraudulent misrepresentations to benefit themselves by over $100 million, and refused to pay substantial amounts due for the valuable services of Silver."
"Goldman was able to make profits in the billions and to pay its own executives bonuses in the billions, while claiming that it could not arrange for the $30 million owed to the Silver Parties."
[Image via WENN.]
Tags: dark castle, goldman sachs, hollywood, joel silver, lawsuit, producer, suing