Home News Investors in Nicolas Cage Film ‘Bad Lieutenant’ Sue Claiming Bad Accounting
Polsky Films, which put up P&A money on Warner Herzog’s ‘Bad Lieutenant: Port of Call—New Orleans,’ says that Nu Image and First Look Studios ran away with 2009 film’s proceeds.
Investors in the 2009 Nicolas Cage film Bad Lieutenant: Port of Call—New Orleans have filed a lawsuit against Nu Image and First Look Studios, claiming that proceeds from the motion picture have not been shared and that top executives have siphoned off revenue.
Polsky Films, a film production outfit founded by brothers Alan and Gabe Polsky, filed the lawsuit in Los Angeles Superior Court. According to the complaint, Polsky put up $1.3 million to finance the print and advertising budget for the U.S. distribution of the film. The financing agreement allegedly stipulated that Nu Image and First Look had to establish a collection account at Comerica bank and was obligated to pay all U.S. proceeds from the film into this account. The agreement limited deductions to home video packaging, freight and delivery expenses.
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https://www.hollywoodreporter.com/thr-esq/nicolas-cage-film-law-suit-bad-lieutenant-271928
Bad Lieutenant (2011) – Sue Nu Images (film) (settled in 2013)
In December 2011, Alan and Gabe Polsky (Polsky Films), investors in the 2009 Nicolas Cage film, Bad Lieutenant: Port of Call—New Orleans filed a lawsuit against Sue Nu Image and First Look Studios, claiming that proceeds from the motion picture have not been shared and that top executives have siphoned off revenue. The complaint alleged that the defendants improperly deducted expenses, failed to disburse proceeds, and did not accurately and truthfully account for all the money. This lawsuit was eventually settled in October 2013.