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The film and TV financing hedge fund blames its financial troubles on bad loans and legal disputes with David Bergstein. Aramid lists assets of $237.3 million and debt of $11.5 million in Chapter 11 documents.
Jun 17, 2014 · By. Sara Randazzo. Updated June 17, 2014 3:57 pm ET. Share. Resize. Movie-production investor Aramid Entertainment Fund Ltd. sought Chapter 11 protection last week with plans to wind down,...
- sara.randazzo@wsj.com
- Reporter
Jun 22, 2012 · Getty Images. Miramax co-owner Ronald Tutor claimed victory this week in his legal battle with Aramid Entertainment Fund and other creditors fighting over the remains of five film companies...
Jun 16, 2014 · By Dawn McCarty and Jef Feeley. June 16, 2014 at 11:39 AM PDT. This article is for subscribers only. Aramid Entertainment Fund Ltd., a hedge fund specializing in financing movies, sought...
Jul 26, 2011 · LOS ANGELES (CN) - Investors in Aramid Entertainment Fund, a Cayman Islands mutual fund, claim hedge fund manager David Molner took more than $60 million in loans for himself - half of the fund's capital - and hid it from auditors.
Sep 3, 2014 · After years of lawsuits, the film financier and the hedge fund reach a deal that gives Bergstein full rights to a movie and 5% of the fund's equity. The settlement also ends other disputes between the parties and their lawyers.
Movie and TV financing hedge fund Aramid Entertainment Fund Ltd. has filed for Chapter 11 bankruptcy, claiming it needs protection from creditors while it deals with the costs of suing borrowers who failed to repay loans.
