Joel Silver

Film Law: It Ain’t Over Till the Fat Lady Sings-Joel Silver Wins Round One In Goldman Sachs Lawsuit

In Fashion Law by FASHIONENTLAW™

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“It ain’t over till the fat lady sings” is the line from En Vogue’s song, back in the days, that kept repeating in my head when I first saw this lawsuit and now its progression. THR, Esq. reports Joel Silver won the initial hurdle in the civil litigation case he filed against Goldman Sachs.

Key phrase today? “Motion to Dismiss.” I covered what this essentially means in the Jay-Z Copyright Infringement lawsuit here.

Producer Joel Silver has won the first round in his bold lawsuit against Goldman Sachs over a series of financial arrangements related to his Dark Castle genre film company.

Federal judge Ronald Lew today denied Goldman’s motion to dismiss Silver’s multi-faceted case against the investment bank for breach of contract, fraud and other causes of action. The powerhouse producer behind the Matrix films and Die Hard sued in December claiming Goldman orally agreed (and then followed up in written correspondence) to pay him $30 million in exchange for a share of revenue from films made by Dark Castle, the Warner Bros.-based division of his Silver Pictures. Silver claims he helped Goldman arrange another deal and was promised a big deal of his own. Full background on the case here.

Goldman later fired back at Silver, calling the suit “implausible” and “absurd.” The investment bank’s attorneys at David Boies’ firm then filed a motion to dismiss the complaint, arguing, among other things, that any agreement with Goldman would have been extensively documented in writing.

But Judge Lew today denied the effort to toss the case at the procedural stage, pleasing Silver attorney Bert Fields.

THR, Esq. has the full story.

Photocredit: Rowthree.com

Uduak Oduok (Ms. Uduak) is a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her firm’s fashion and entertainment law practice areas. Ms. Uduak has litigated a wide variety of cases in California courts. She has also handled a variety of entertainment deals for clients including network television and licensing deals. Her work and contributions to the creative industry has been recognized by numerous organizations including the National Bar Association, and featured in prestigious legal publications in the USA: ABA Journal and The California Lawyer Magazine. She is also the author of Fashionentlaw™ and also has over two decades combined hands on industry experience in the creative industry which includes modeling, retail, fashion production, public relations, digital media, journalism and publishing. For further inquiries or if you are seeking legal representation, please email (uduak@ebitulawgrp.com). You may also follow her on twitter at @uduaklaw

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