(2002)
KENNETH LITVACK v. MERCHANT IVORY PRODUCTIONS LTD. D/B/A MERCHANT IVORY PRODUCTIONS et al
Plaintiff Andrew Litvack is the writer and director of the movie ‘Merci Docteur Rey’. On or about September 6, 2001 the Plaintiff and the Defendants entered into a written agreement, whereby Plaintiff agreed to contribute $225,000.00 toward the cost of producing the movie ‘Merci Docteur Rey’. Defendant MERCHANT IVORY PRODUCTIONS LTD agreed to pay $150,000.00 to Plaintiff by December 31, 2002, and Defendant Merchant and Defendant Ivory personally guaranteed that Plaintiff would be paid said $150,000.00 by December 31, 2002. Plaintiff Litvack was also to receive five percent (5%) of the equity in the Film, and Plaintiff was to be in “first position’’ after the bank.
In accordance with the terms of the Agreement, Plaintiff contributed the entire $225,000.00 sum in a timely manner. To date Plaintiff has not received any monies from the Defendants despite due demand therefore. As a result of the foregoing, Defendants Ivory, Merchant, and MERCHANT IVORY PRODUCTIONS LTD owe Plaintiff $150,000.00, plus interest thereon since December 31, 2002.