UPDATE: Capitol’s David Bergstein Awarded $50M+$500K In Lawsuit Against Ex-Counsel

By | Wednesday August 22, 2012 @ 5:07pm PDT

WEDNESDAY UPDATE: The jury came back today with an additional judgment of $500,000 in punitive damages.

David BergsteinTUESDAY 7:15 PM: Deadline has learned that a Los Angeles Superior Court jury today unanimously awarded the controversial film financier David Bergstein the $49.5 million damages against his former in-house counsel Susan Tregub at Capitol Film for breach of fiduciary duty and legal malpractice. But this isn’t over yet. Today’s verdict determined that Tregub (now in private practice) acted with malice, so the second phase of the trial involving punitive damages will start tomorrow when the monetary figure could go higher.

Related: David Bergstein Sues Aramid Entertainment

The two-year case arose from Tregub going to work for Aramid Entertainment Fund in 2009 after Capitol. Read More »

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Capitol Films Cash Crunch: SAG Demands Meeting With Owner David Bergstein

EXCLUSIVE: The following email was sent this month by the Screen Actors Guild to David Bergstein, the owner of Capitol Films, whose financial meltdown has been crushing indie after indie while he reportedly was lounging on a yacht during the Cannes Film Festival. It confirms all my recent reporting:

To: David Bergstein

Read More »

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IS THIS A MELTDOWN? More Big Actors And Directors Caught In Capitol Crunch; Latest Film Features ‘Ugly Betty’ Star

MONDAY 11:30 PM: Tonight I’ve just been informed by a reliable source that “Capitol Films just had another movie shut down” — identified as An Invisible Sign Of My Own featuring America Ferrera, the star of ABC’s hit show Ugly Read More »

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5TH UPDATE: ‘Nailed’ Tip Of The Iceberg: Capitol Films’ Cash Woes Impact Indies

MONDAY 11:30 PM: Tonight I’ve been informed by a reliable source that “Capitol Films just had another movie shut down” — identified as An Invisible Sign Of My Own starring America Ferrera, the star of ABC’s Ugly Betty.

So add her name to the star actors and directors like John Cusack, Helen Mirren, Gina … Read More »

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ON SET DRAMA UPDATE: SAG Orders Actors On David O. Russell Film To Leave; Jessica Biel & Jake Gyllenhall Sidelined

nailed-drama.JPG

EXCLUSIVE! 3rd UPDATE: See new details about Capitol Films below. I’m told by knowledgeable sources that David O. Russell’s indie political comedy Nailed which began filming in April was shut down by the Screen Actors Guild on Friday because of insufficient funds on deposit with the guild. I’ve also learned the … Read More »

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