Michael Moore sues Weinstein brothers over 'Fahrenheit 9/11' profits
POSTED: Tuesday, February 8, 2011 - 11:14am
UPDATED: Tuesday, February 8, 2011 - 12:27pm
Michael Moore filed a lawsuit Monday against the Weinstein brothers over profits he claims were witheld from his gross earnings from "Farenheit 9/11," reports the Los Angeles Times.
"This case is about classic Hollywood accounting tricks and financial deception perpetrated by the Fellowship Adventure Group and its owners Bob and Harvey Weinstein," the suit began. The complaint alleged "bogus accounting methods" and "substantial irregularities in the accounting of the film" and said the company has "secretly divert[ed] monies owed" to Moore and his Westside Productions company. Moore's suit alleges breach of contract, breach of fiduciary duty and constructive fraud.
Among the allegations Moore makes is that the Weinsteins deducted residual payments from the balance sheet that were never made; deducted expenses Moore did not authorize; overstated the distribution fee to select international distributors; and covertly deducted more than $2.5 million from the revenue pool from which the Weinsteins were to pay Moore. According to the lawsuit, Moore and Fellowship were to split profits 50-50, an extremely generous deal for a director compared with what most filmmakers receive.
Moore is suing for at least $2.7 million, a number that could increase once a complete audit is completed.
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