The executive producer of Kickboxer: Vengeance is suing the film’s production companies, saying they defrauded him out of the $1 million in bridge financing he put up to secure a production loan.
In the suit, filed today in Los Angeles Superior Court (read it here), Kenneth Nutley claims that he put up the money in December 2014 and that defendants Radar Pictures and Acme Kick Productions agreed to repay the bridge loan upon the closing of a production loan from Aperture/Emigrant Bank, and that the deadline for repayment was April 2, 2015.
As the deadline approached, Nutley said he anticipated that the defendants would live up to the bargain. “Instead, defendants never closed the Aperture take-out loan and never repaid the bridge loan,” alleges the suit, which seeks at least $1.55M in damages and a jury trial.
The suit also names as defendants Ted Field, Radar founder-CEO and Acme Kick VP, and Acme Kick owner Dimitri Logothetis.
The film, which is scheduled for released later this year, stars Alan Moussi and Jean-Claude Van Damme in a remake of Van Damme’s 1989 Kickboxer. It’s directed by John Stockwell.
Attorneys Martin Barab, A. Raymond Hamrick and Kenneth Kotarski of Hamrick & Evans LLP in Burbank are representing Nutley and fellow plaintiff Stephen Cagnazzi.