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Post by The Ultimate Nullifier on Sept 15, 2017 15:30:53 GMT -6
www.hollywoodreporter.com/thr-esq/wolf-wall-street-producer-red-granite-settles-civil-suit-us-government-1039757'Wolf of Wall Street' Producer Red Granite Settles Civil Suit With U.S. Government Prosecutors previously told the court civil discovery would have an adverse effect on the related criminal investigation. Red Granite Pictures and the U.S. government have resolved the civil forfeiture case related to a Malaysian embezzlement investigation, according to a notice of settlement filed in California federal court Friday. The feds had been seeking seizure of more than $1 billion in assets that were allegedly diverted by high-level Malaysian officials into shell companies, some of which may have been used to fund Red Granite's films. "The parties are pleased to inform the Court that Red Granite and the government have reached a settlement in principle. The contemplated settlement, which remains subject to final documentation and necessary approvals within the government, will fully resolve the actions ... and any other potential claims involving Red Granite or any of its assets, and will continue to hold harmless third parties that do business with Red Granite," writes Red Granite attorney Matthew Schwartz. The parallel action involving Daddy's Home and Dumb and Dumber To has also settled. More to come...
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