'Terminator Salvation' Producers In $160 Million Lawsuit
Borman claims he help arrange for Anderson and Kubicek to acquire the rights to the Terminator franchise for their company Halcyon Co. in 2007.
It gave the pair full rights over the production of Terminator Salvation and any future sequels, plus merchandise and licensing.
Borman alleges financial backing for the movie was secured through investment fund Pacificor LLC in exchange for approval rights over the movie, involvement in all creative decisions, and a $5 million producing fee.
However, in the lawsuit, he claims the pair failed to honor their initial agreement, "hijacking" the production in July 2008 and refusing to pay him the $2.5 million fee he was due.
The legal document reads, "Notwithstanding the fact that defendants obtained the substantial franchise rights and assets through Borman, Anderson and Kubicek failed to honor their assurances, representations and contractual obligations to Borman. Defendants' egregious fraud, bad faith conduct and refusal to abide by their contracts has led to the filing of this lawsuit. It also came to light that Anderson and Kubicek did not have the means to finance the picture, had defaulted on numerous loans and owed over $1 million to creditors on the picture."
Now, Borman is seeking $160 million in damages through the L.A. courts.
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(This news article provided by World Entertainment News Network)
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