'Terminator' producers land in legal row
Washington, March 7 (ANI): Moritz Borman has filed lawsuit against his fellow "Terminator: Salvation" producers over fraud and breach allegations.
The veteran film producer submitted papers against Derek Anderson and Victor Kubicek and their Halcyon Co. banner in Los Angeles Superior Court claiming more than 160 million dollars in damages.
The suit cited eight causes of action including non-payment of balance producing fees amounting to 2.5 million dollars, reports Variety magazine.
Borman claimed he had helped Anderson and Kubiceck obtain the "Terminator" rights and that his agreement included approval rights on the film, creative decisions along with a 5-million dollar producing fee and "significant" back-end compensation.
He alleged that he would have withdrawn had he been familiar with their "shady" past or that the two had faced court before for "swindling" other motion picture investors.
The suit said: "Notwithstanding the fact that defendants obtained the substantial franchise rights and assets through Borman, Anderson and Kubicek failed to honor their assurances, representations and contractual obligations to Borman.
"Defendants' egregious fraud, bad faith conduct and refusal to abide by their contracts has led to the filing of this lawsuit." (ANI)