David Bergstein Ends Miramax Lawsuit

Financier David Bergstein and Miramax owners Filmyard Holdings have reached an agreement today on their ongoing legal dispute. No details of the deal were made public, other than that Bergstein will dismiss the case he filed against the company and investors April 9. However, a source close to the arrangement tells Deadline that Bergstein will receive a “small amount of money in the deal.” The source added, “this is a full retraction by David and he holds no stake in the company.” Bergstein had claimed in the suit that he was owned 3.3% of the company and $6 million for putting the deal together in the first place. “I am pleased that I was able to sit down with my counterparties in this suit, discuss our differences and resolve them,” said Bergstein. “I fully retract the claims made in the lawsuit against Filmyard, Miramax, Colony Capital, Richard Nanula and Josh Grode. I’d like to thank everyone involved for their understanding and cooperation.” (more…)

This article was printed from https://deadline.com/2012/04/david-bergstein-reaches-miramax-deal-dismisses-his-own-lawsuit-261110/