“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.
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