The Hedge Fund Law Report

The definitive source of actionable intelligence on hedge fund law and regulation

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By Topic: Movies

  • From Vol. 2 No.35 (Sep. 2, 2009)

    Producers of the “Terminator” Movie Franchise Sue Hedge Fund Backer for Fraud and Breach of Contract

    Crushing litigation has plagued the seemingly indestructible Terminator franchise in recent months.  On August 17, 2009, the Halcyon Company, which had purchased the rights to the Terminator franchise, and its wholly owned subsidiary, Halcyon Games, LLC (together, Halcyon), filed for bankruptcy.  On that day, Halcyon also filed a lawsuit in Los Angeles Superior Court accusing Kurt Benjamin of fraudulent dealings in setting up financing for Halcyon’s purchase of the Terminator franchise from Pacificor, LLC, a hedge fund.  In yet another lawsuit filed August 17, 2009, Dominion Group, LLC, a company that possessed common ownership with Halcyon, asked the same court to expunge a lien Pacificor had filed against it.  Dominion claimed Pacificor filed the lien to prevent Dominion from raising capital on behalf of Halcyon, which caused Halcyon to default on its payments to Pacificor.  This article summarizes the factual allegations contained in both complaints.

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