2 outfits sue Cannon

Two financial companies have sued Cannon Pictures Inc. in U.S. District Court for more than $ 14 million related to an alleged breach of a film financing contract.

Among other claims, Peter V. Miller Corp. and Pictor Insurance Co. Ltd. say Cannon failed to remove liens held by Warner Bros. Home Video, Showtime and others on a group of films to be used for collateral for a $ 43 million loan.

It also is alleged that Cannon failed to divulge that it was seeking additional financing from other sources involving rights that should have been retained for the plaintiffs.

More Film

  • Brad Pitt Leonardo Dicaprio

    Brad Pitt and Leonardo DiCaprio Turned Down 'Brokeback Mountain,' Says Gus Van Sant

    Two financial companies have sued Cannon Pictures Inc. in U.S. District Court for more than $ 14 million related to an alleged breach of a film financing contract. Among other claims, Peter V. Miller Corp. and Pictor Insurance Co. Ltd. say Cannon failed to remove liens held by Warner Bros. Home Video, Showtime and others […]

  • Joaquin Phoenix The Joker

    Joaquin Phoenix's 'Joker' Movie Gets Release Date

    Two financial companies have sued Cannon Pictures Inc. in U.S. District Court for more than $ 14 million related to an alleged breach of a film financing contract. Among other claims, Peter V. Miller Corp. and Pictor Insurance Co. Ltd. say Cannon failed to remove liens held by Warner Bros. Home Video, Showtime and others […]

  • Quentin Tarantino

    Quentin Tarantino's Manson Murders Movie Moves Up Two Weeks

    Two financial companies have sued Cannon Pictures Inc. in U.S. District Court for more than $ 14 million related to an alleged breach of a film financing contract. Among other claims, Peter V. Miller Corp. and Pictor Insurance Co. Ltd. say Cannon failed to remove liens held by Warner Bros. Home Video, Showtime and others […]

  • Destan Arslanoski Stunt Performer

    Stunt Performers Say There's Not Enough Being Done to Address Risks of the Job

    Two financial companies have sued Cannon Pictures Inc. in U.S. District Court for more than $ 14 million related to an alleged breach of a film financing contract. Among other claims, Peter V. Miller Corp. and Pictor Insurance Co. Ltd. say Cannon failed to remove liens held by Warner Bros. Home Video, Showtime and others […]

More From Our Brands

Access exclusive content