It’s not a TKO but MGM is dropping its lawsuit against the producers of Raging Bull II. “The parties have amicably reached a resolution of their pending litigation, pursuant to which production of a film based upon certain events in the life of Jake LaMotta will proceed under the working title ‘The Bronx Bull’. That film is not related in any way to the 1980 motion picture entitled ‘Raging Bull’, and MGM is not associated with the film in any respect. Neither party will have any further statements regarding this matter”, said MGM and Sunset Pictures’ COO Dahlia Waingort in a joint statement today. MGM had sued the producers of Raging Bull II and 91-year old boxing legend Jake LaMotta himself on on July 3, citing breach of contract and other counts. The new film is based on a memoir that LaMotta wrote that MGM claimed they had rights to. In its 7-page suit in early July, MGM said that Raging Bull II producers were “publicly associating the Sequel Picture” with the original Raging Bull. MGM claimed that this “is plainly intended to create confusion in the marketplace and to trade off the value” of the Martin Scorsese-directed 1980 Oscar-nominated film starring Robert DeNiro. The studio, which owns United Artists, the studio that put out the original, says this will “irreparably tarnish the value of the Picture and MGM’s rights therein”. In the original complaint, MGM wanted a jury trial and they wanted production on the indie movie shut down permanently. The studio was represented in the action by Richard B. Kendall of L.A.’s Kendall Brill & Klieger,
Deadline's Dominic Patten - tip him here.