A long-running class-action suit against Vestron has finally ended with a settlement of $2.8 million. Filed in 1994, the suit alleged that Vestron improperly allocated revenues among the films in its foreign package distribution deals. The suit sought to rectify huge disparities in the revenues assigned to the various films in the package.
The long-defunct Vestron was at one time the largest distributor of independent films. Its catalog was bought by Live and then by Artisan.
The suit represented approximately 500 filmmakers, including Ken Burns, who was one of the named plaintiffs. Lead counsel for the class was Thomas A. Cohen of San Francisco.