Tuesday, 31 March 2015
Last updated 12 hours ago
Aug 23 2011 | 11:52am ET
The writer and director of next year's would-be hit hedge fund movie Arbitrage is already a winner—in the courtroom.
Nicholas Jarecki has won a declaratory judgment against his former partner, producer Michael Ohoven, declaring him the sole screenwriter of the movie, which features Richard Gere and Susan Sarandon. A Los Angeles state court judge last week both dismissed most of Ohoven's countersuit against Jarecki and awarded Jarecki his sought-after declaratory judgement.
Jarecki still faces a breach of contract claim, but plans to argue it is preempted by federal copyright law. He also plans to file a motion seeking to force Ohoven to pay his legal bills.
The former partners split over a disagreement about where to film Arbitrage—it was made in New York. While the two sides had discussed a variety of terms prior to their falling out, nothing had been signed.
Arbitrage is about a hedge fund manager desperate to sell his firm to a major bank before his fraud can be uncovered. But things go wrong in “unexpected, bloody” ways, forcing Gere's character to seek help from an unlikely source.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…