Contracts
Breach of Contract
City National Bank v. Central Partnership LLC
Published: Mar. 22, 2014 | Result Date: Oct. 22, 2013 | Filing Date: Jan. 1, 1900 |Case number: 2:13-cv-06269-MWF-JC Arbitration – $1,745,410
Facts
City National Bank sued Central Partnership LLC. The matter proceeded to arbitration, based on an arbitration agreement between the parties.
Central Partnership was a film distributor, who entered into a distribution agreement with Fusion Film LLC for a motion picture called "Odd Thomas." City National was part of the agreement because it agreed to provide production financing for Fusion.
Contentions
PLAINTIFF'S CONTENTIONS:
As part of the agreement, Central Partnership agreed to pay City National the remaining $1,480,000 minimum guarantee due on the distribution agreement.
Result
The arbitrator awarded City National Bank $1,480,000, with $86,295.07 in attorney fees.
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