Hollywood Docket: Sylvester Stallone Settles Fraud Suit Against Warner Bros.
The Hollywood Reporter
May 21, 2019
By Eriq Gardner
In April 2017, Sylvester Stallone's loan-out company brought contract and fraud claims in Los Angeles Superior Court. The actor alleged that the studio had concealed profits from the 1993 science-fiction film Demolition Man, and making an unfair competition claim, Stallone demanded an end to bad accounting practices for all talent expected to be paid by Warner Bros.
A year into the litigation, Stallone scored an initial victory when the judge rejected Warners' dismissal motion and ruled that he had sufficiently stated a claim encompassing others injured by the studio's accounting.
The dispute moved to the discovery phase, but it won't end up at trial after the parties submitted a motion to dismiss the case with prejudice.
Plaintiff's attorney Neville Johnson says, “The matter has been amicably resolved.”
Settlement terms remain private.
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