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Hollywood Producer Suing Goldman Sachs!

Filed under: Film FlickersLegal Matters



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."

Silver adds:

"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."

Shady, shady!

[Image via WENN.]

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