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Relativity And RKA Film Financing Lock Horns As Bankruptcy Hearing Approaches
The battle between Relativity Media CEO Ryan Kavanaugh and RKA Film Financing is intensifying, with just a little more than a week before the studio hopes to persuade U.S. Bankruptcy Court Judge Michael Wiles to let it exit its Chapter 11 bankruptcy protection.
RKA is the Colbeck Capital-backed entity that in 2014…
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Relativity & Investors Prep $500M Fraud Case Against Colbeck Capital
EXCLUSIVE: Relativity Media CEO Ryan Kavanaugh, fellow investors in the studio led by Joe Nicholas, and its unsecured creditors are preparing to accuse Colbeck Capital of committing fraud and seek $500 million in damages, sources say.
Relativity and Colbeck have agreed to put any complaints into mediation. But the…
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Relativity CEO Drawing Up Mega-Lawsuit Against Colbeck Capital As Bid Deadline Extended
EXCLUSIVE: Relativity Media CEO Ryan Kavanaugh is said to be preparing to sue key lender Colbeck Capital for breach of fiduciary duty among other causes, for what insiders said will claim that Colbeck (which held seats on the board) met with investors behind the backs of the Relativity board about an alternate plan of…
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By Anita Busch
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- Business
Relativity Gets 10-Day Extension As Lenders Take More Control
EXCLUSIVE, UPDATED 11:30 AM: Relativity has gotten a 10-day extension to try to get financing in place, sources tell Deadline. In addition, the company has been looking for help on a number of films, The Crow, the action-thriller Hunter Killer, the comedy Masterminds and the Halle Berry-starring Kidnap, aggressively…
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By Anita Busch
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