December 22, 2011 9:56am PT by Alex Ben Block
Ted Fields Files Lawsuit Seeking $10 Million in Radar Pictures Alleged Hijacking
Continuing his battle to stop the hijacking of his company, movie mogul Ted Field has filed another suit seeking at least $10 million from entities he holds responsible for an effort earlier this year to take Radar Pictures away from its founders.
Field and Radar Pictures filed suit in LA. Superior Court on Wednesday against business consultants Houlihan Smith & Company and a related financing entity Houlihan Capital LLC, who he believes have a responsibility for what happened.
The suit is for negligence, fraudulent misrepresentation, negligent misrepresentation and breach of fiduciary duty.
As was reported in November when Field and Radar filed a suit against the individuals involved, the company behind the 2007 remake of The Heartbreak Kid, the 2003 movie The Last Samurai and others was approached by Timothy Batchelor through a board member, Jonathan Bross, with an offer to help raise money to expand the business.
According to the suit, Batchelor represented that he was head of a newly formed entertainment practice that was part of Houlihan Smith’s office in Century City, California. “He represented that he had the full financial wherewithal of Houlihan Smith at his disposal and it was this connection that lent a perceived credence to he and his claims,” says the suit.
The filing describes other meetings where Batchelor used an email with the Houlihan name, and had meetings with Radar executives that included others from Houlihan.
Eventually after paying out “tens of thousands of dollars,” Field and others at Radar realized, according to this suit and an earlier suit, that Batchelor was trying to take his own company away from him using deception and by filing claims that put the company into bankruptcy.
Field had to undo the bankruptcy filing and the suit says Radar has had to assure others in the movie business that it is still functioning and has had to work to restore its damaged reputation.