EXCLUSIVE: As we step foot on the ground at the Sundance Film Festival today, we’ve confirmed that 12 people of the near 30 person staff at Aviron Pictures were pinkslipped on Friday and issu…
which tanked stateside with $8.5M. Largely this was because the company was under-capitalized, however, Aviron issued a statement saying that they had to curb their marketing spend due to the pic’s poor test scores and critical reaction .a feature adaptation of the popular Anna Todd YA novel which Aviron released, were upset over the distributor not marketing the film stateside with a lackluster $12.1M domestic result, despite raking in an overseas gross of $57.4M.
BlackRock’s counsel contacted Aviron’s attorneys which “provided five such documents of alleged filings which the plaintiff calls ‘Fraudulent Releases…These documents are. It appears that Sadleir, the Aviron Entities’ officers or employees, and/or their agents copied and pasted signature pages from prior agreements among the parties onto these documents to create the appearance that the Fund approved the Fraudulent Releases.
“The Fund’s recent investigation suggests that Sadleir resorted to fraud for his own self-serving ends. In connection with a separate litigation alleging fraud against Sadleir, it appears that Sadleir agreed to a $2.7 million judgment against himself on July 15, 2019, the same day that many of the Fraudulent Amendments were filed with the Delaware Secretary of State.”
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