Relativity Bankruptcy: Can One Film Lender Pry Away the Rights to ‘Masterminds’?August 20, 2015 – Article
Even before Relativity’s July 30 bankruptcy filing, RKA’s lawsuit in New York state court raised eyebrows in Hollywood — it labels Relativity Media founder Ryan Kavanaugh a “conman” and demands $90 million in damages. But it’s not clear how successful RKA — formed specifically to finance the studio’s films — will be in its attempt to seize the four films.
“These kind of tensions within a bankruptcy are not unusual,” said Brian Davidoff, a bankruptcy attorney with Greenberg Glusker. “There’s not enough money as it currently stands to pay all of the creditors, so they’re looking for leverage that puts them at the top of the heap to get paid.”
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