CAA Pushes Back Against “Spurious” Self-Serving Claims In $55M Worldview Suit

UPDATE, 5:50 PM, EXCLUSIVE: Now the Empire strikes back.
CAA denies Worldview’s spurious allegations and will defend itself vigorously in court,” lawyer Jerry Bernstein told Deadline this evening in response to a scorching lawsuit filed earlier Thursday full of allegations of dirty financial deeds by the agency.
Essentially a husk of a company since a series of calamities in 2014 and a slew of legal actions , Worldview are claiming that one of the causes of their ills…

UPDATE, 5:50 PM, EXCLUSIVE: Now the Empire strikes back. “CAA denies Worldview's spurious allegations and will defend itself vigorously in court,” lawyer Jerry Bernstein told Deadline this evening in response to a scorching lawsuit filed earlier Thursday full of allegations of dirty financial deeds by the agency. Essentially a husk of a company since a series of calamities in 2014 and a slew of legal actions , Worldview are claiming that one of the causes of their ills…

CAA Accused of ‘Fraud and Corruption of the Highest Level’ in Lawsuit

Creative Artists Agency has been hit with a lawsuit by film financier Worldview Entertainment, who accuse the agency of “fraud and corruption at the highest level.”

In the suit, filed in Los Angeles Superior Court on Thursday, Worldview says that it began working with CAA in 2010, with CAA eventually agreeing to “provide Plaintiffs with opportunities and services, including investment advice regarding films designed to provide solid returns.”

The partnership, Worldview says, ended up being “a disastrous mistake,” as CAA “systematically engaged in predatory practices toward Plaintiffs.”

Also Read: CAA Pledges Gender Parity on Board, Management Committee by 2020

According to Worldview, rather than receiving first-look offers for films, they were passed duds by CAA that other financiers refused to fund, making Worldview “the financier of last resort.”

The string of poor-performing films that Worldview sank money into at CAA’s urging included Tom Hardy’s “Child 44,” “Blood Ties,” “The Green Inferno” and “Devil’s Knot.” In all, the suit says, Worldview ponied up “more than $55 million” in financing for more than 20 film projects.

TheWrap has reached out to a CAA spokesperson for comment on the suit.

Also Read: Read CAA’s Response to NY Times’ Story on ‘Weinstein’s Complicity Machine’

Alleging breach of fiduciary duty, fraud and other counts, the suit seeks unspecified damages.

Pamela Chelin contributed to this report.

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Creative Artists Agency has been hit with a lawsuit by film financier Worldview Entertainment, who accuse the agency of “fraud and corruption at the highest level.”

In the suit, filed in Los Angeles Superior Court on Thursday, Worldview says that it began working with CAA in 2010, with CAA eventually agreeing to “provide Plaintiffs with opportunities and services, including investment advice regarding films designed to provide solid returns.”

The partnership, Worldview says, ended up being “a disastrous mistake,” as CAA “systematically engaged in predatory practices toward Plaintiffs.”

According to Worldview, rather than receiving first-look offers for films, they were passed duds by CAA that other financiers refused to fund, making Worldview “the financier of last resort.”

The string of poor-performing films that Worldview sank money into at CAA’s urging included Tom Hardy’s “Child 44,” “Blood Ties,” “The Green Inferno” and “Devil’s Knot.” In all, the suit says, Worldview ponied up “more than $55 million” in financing for more than 20 film projects.

TheWrap has reached out to a CAA spokesperson for comment on the suit.

Alleging breach of fiduciary duty, fraud and other counts, the suit seeks unspecified damages.

Pamela Chelin contributed to this report.

Related stories from TheWrap:

Sasha Alexander, CAA-GBG's Kendra Bracken-Ferguson Among Speakers at 2018 BE Conference for Millennial Women

CAA Promotes 10 to Agent, Executive Positions

CAA Pledges Gender Parity on Board, Management Committee by 2020