Bill Block, QED Settle Legal Dispute

Bill Block QED Lawsuit
Tim P. Whitby/Getty Images

QED and Bill Block have resolved the legal dispute from an April lawsuit that the company filed in federal court against its former CEO.

Details of the settlement were not announced Wednesday evening.

QED Holdings sued  Block for trademark infringement and unfair competition, alleging he illegally used QED’s assets for personal gain — an allegation that Block’s attorney strongly denied.

QED Holdings alleged the financier and producer — who had exited as CEO several months earlier — had surreptitiously taken control of the Bruce Lee biopic “Birth of the Dragon” and Robert De Niro comedy “Dirty Grandpa.”

Block’s attorney Martin Singer of Lavely and Singer said at the time that the suit was “ridiculous” and stemmed from the plaintiffs becoming dissatisfied with the terms of their settlement agreement with Block after QED Holdings ran out of money.

A joint statement said: “QED, a leading independent motion picture production, financing and distribution company, and Bill Block announced today that they have resolved their legal dispute to the mutual satisfaction of all parties. Bill Block and QED look forward to the release on January 22nd of Dirty Grandpa, a QED Production with Bill Block producing and Sasha Shapiro and Anton Lessine executive producing. Details of the settlement have not been disclosed.”

Block’s departure from QED — a company he founded in 2002 — took place in late 2014 as he and Kevin Frakes had teamed with hedge fund Merced Capital L.P. to launch a $500 million slate of films under the Merced Media moniker.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety