Suit filed over ‘Carlito’ profits

The producers of the film “Carlito’s Way” have been sued by a trio of talent managers who say they were promised a portion of the film’s net profit and a screen credit in exchange for their rights to the property.

Robert J. Cavallo, Joseph Ruffalo and Steve Fargnoli, in a complaint filed in Los Angeles Superior Court, say they obtained film and television rights to “Carlito’s Way” in January 1986.

After a rights dispute and financial agreement with producer Elliott Kastner and Cinema Seven, the suit says, film rights were sold to Epic Prods. The suit says Epic and Universal now deny they are obligated by the settlement agreement with Kastner and Cinema Seven.

The suit seeks unspecified compensatory and punitive damages. Also named defendants are Carlito Prods. Bregman/Baer Prods., Kastner, Cinema Seven, Capella Films, Louis A. Stroller, Ortwin Freyermuth, Martin Bregman, Willi Baer and Michael S. Bregman.

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