Joel Silver Production Financing Sparks Fight Over Fees

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Joel Silver Production Financing Sparks Fight Over Fees

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Joel Silver Production Financing Sparks Fight Over Fees

by Wochit 0:54 mins

Joel Silver Production Financing Sparks Fight Over Fees

by Wochit 0:54 mins

Two finance companies are now in court over fees related to the financing of production companies belonging to Joel Silver. According to a fraud lawsuit filed on Monday in New Jersey federal court, Silver, the producer of such hits as Lethal Weapon, Die Hard and The Matrix, was in the market for financing. The lawsuit doesn't say when this occurred, but does say that he entered into an agreement with The Watley Group, a restructuring and reorganization firm owned by A. John A. Bryan, Jr. The plaintiff in the lawsuit is Alliance Capital Corp., which says it had its own agreement with Watley for a 25 percent fee if it procured a lender for Silver, who is not a defendant in this lawsuit.

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