Paramount Settles $100MM Lawsuit with Content Partners

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Paramount Pictures has put an end to a three-year-old lawsuit worth more than $100 million and allegations of a JPMorgan-led financial conspiracy.

In September, a judge ruled that that the counterclaims would only be sufficient and not barred by the statute of limitations if JPMorgan was joined as a cross-defendant as an alleged co-conspirator. The judge gave Paramount 20 days to amend the cross-complaint. Since then, papers in the case have been filed under seal. A summary judgment hearing was scheduled for next week. But with a settlement, the dispute is now over.

For more on this topic, please read the full article from The Hollywood Reporter.




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