Hollywood director David O. Russell and his company Kanzeon Corp. can collect up to $2.5 million as part of a deal with the administrator of a trust liquidating Weinstein Co. Holdings LLC bankruptcy estate.
The stipulation between the Oscar-nominated director and the trust formed to liquidate the defunct movie studio’s assets and pay off creditors was approved Thursday by Judge Mary F. Walrath of the US Bankruptcy Court for the District of Delaware.
The deal allows Russell and Kanzeon up to $2.5 million in unsecured claims in exchange for releases of liability, according to the deal.
Weinstein Co. filed for ...
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