(2006) Tags: Universal
Toho-Towa Co., Ltd. v. Morgan Creek Productions, Inc.
Morgan Creek Productions, Inc. appeals the trial court’s order adding it to a judgment for more than $5.7 million which Toho-Towa Co., Ltd., a Japanese company was awarded.
In 2005, Toho-Towa negotiated with Morgan Creek to acquire Japanese distribution rights to the MCP-produced motion picture The Good Shepherd. Pursuant to the terms of the distribution agreement, by the end of October 2008, Toho-Towa was owed approximately $4.5 million in connection with expenses it had advanced to distribute the Picture. Toho then sued Morgan Creek for non-payment.
The arbitrator entered a final arbitration award in favor of Toho-Towa in the amount of $5,233,386. A three-judge JAMS appellate panel unanimously affirmed the arbitration award. On Toho-Towa’s motion, the award was confirmed as a judgment on June 23, 2011. With interest and attorneys’ fees, the amount of the judgment was $5,741,536.