Venable partner Alex Weingarten was quoted in a September 4, 2014 Law360 article on a $6 million breach of contract settlement between a defunct film financing hedge fund and film investor David Bergstein. Under terms of the settlement, which also ends long-running litigation with Bergstein’s former partner, Bergstein will receive $4 million in equity share of the fund and the rights to a film he and his entities funded with $750,000 in loans. The settlement also resolves a bankruptcy petition Bergstein filed against a Chapter 7 trustee.
Weingarten, who represents Bergstein, said his client is “thrilled” with the settlement. “It vindicates [Bergstein] and confirms that there was never any merit to any of the outlandish claims being made by Aramid and [Molner],” he added. “This is a big win as we move forward with our continuing efforts to hold all of those who were responsible for this jihad against [Bergstein] accountable.”
In addition to Weingarten, Venable associates Jeffrey Logan, Eric Bakewell, Micol Sordina, Logan Elliott, Varty Defterderian and Leslie Eggers also represent Bergstein.
Weingarten, who represents Bergstein, said his client is “thrilled” with the settlement. “It vindicates [Bergstein] and confirms that there was never any merit to any of the outlandish claims being made by Aramid and [Molner],” he added. “This is a big win as we move forward with our continuing efforts to hold all of those who were responsible for this jihad against [Bergstein] accountable.”
In addition to Weingarten, Venable associates Jeffrey Logan, Eric Bakewell, Micol Sordina, Logan Elliott, Varty Defterderian and Leslie Eggers also represent Bergstein.