Green-Light International has declared Chapter 7 bankruptcy following a more than $2 million arbitration loss. Raven Asset-Based Opportunity Fund II took GLI to arbitration in 2016, alleging the sales agent breached their contract by misappropriating nearly half a million dollars. A JAMS arbitrator in June issued an award against GLI, finding that it engaged in egregious misconduct inconnection with its sales of Imperium, starring Daniel Radcliffe, and Urge, starring Pierce Brosnan. Jeffrey Benz awarded $765,000 in damages, plus $186,000 in sanctions and attorneys' fees and another $900,000 plus in sanctions against GLI for failing to produce its bank account statements. Raven is represented by Mathew Rosengart and Matthew Gershman of Greenberg Traurig.