It's a wrap for Ladd-Kanter case

July 31, 2007 Closing arguments began Monday in Alan Ladd Jr. and Jay Kanter's trial challenging Warner Bros.' accounting for film package license fees, with the plaintiffs' attorney telling jurors that the studio has a practice of holding back revenue due profit participants until it is forced to pay. The Los Angeles case is one of the first to reach a trial over the common studio practice of accounting for lump-sum license fees for film packages. Ladd and Kanter claim that Warner Bros. directs revenue away from films for which it owes a portion to third-party profit participants.

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