Video Filtering Firm’s Bankruptcy Discloses Fight with Major Film StudiosBlaming a protracted legal battle with Disney, 20th Century Fox, Lucasfilm, Warner Bros, New Line Cinema, Marvel and Turner Entertainment, VidAngel sought protection from up to $10 million in liabilities in the District of Utah, Central Division. The chapter 11 petition was signed by CEO Neal Harmon, who said in a statement that filing for bankruptcy would protect the company from efforts to deny families their legal right to watch filtered content on modern devices. The debtor’s technology allows its subscribers to filter profanity, nudity, and violence in films and TV shows, according to court records.
Read the declaration of VidAngel Director of Finance Patrick Reilly here
Read 5060 Montclair Plaza Lane Owner LLC v. CM Ebar LLChere.
Sibling Dispute is Core of Manhattan Property Bankruptcy Located at 952 5th Avenue, Windsor Plaza LLC sought protection from liabilities including a disputed $33,000,000.00 owed to Rosemary Herman and $4,000,000.00 owed to J. Maurice Herman, managing member who signed off on the debtor’s chapter 11 petition. Mr. Herman’s affidavit blamed family litigation for the bankruptcy. In 2011, Ms. Herman alleged in a complaint that her brother conspired with a trustee to permit himself to secretly buy his sister’s beneficial interests in six Manhattan real estate properties for far less than their true value.