A Los Angeles judge has found Qualia Capital and 2929 Entertainment liable to pay more than $51 million to Don Johnson stemming from the actor’s successful suit over the profits of “Nash Bridges.”
Los Angeles Superior Court Judge Michael L. Stern ruled last week that Qualia and 2929 were obligated to pay because they were the “alter egos” of “Nash Bridges” producer Rysher Entertainment. Mark Cuban and Todd Wagner’s 2929 owned Rysher from 2001 until 2006, when Qualia, a firm operated by Amir Malin and Ken Shapiro, assumed control of the company.
Questions were raised over who would foot the bill after the jury reached its verdict in favor of Johnson in July. During the trial, Johnson’s attorney, Marc Holscher of Kirkland & Ellis, argued that 2929 pocketed tens of millions in syndication profits from the series, and that Qualia steered the proceeds to Canyon Partners, a hedge fund that provides its backing.
Johnson said he felt “vindicated that Rysher, 2929 Entertainment and Qualia are all being held responsible.”
Rysher attorney Bart Williams didn’t return a call for comment, but he’s said they plan to appeal.