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Litigation

By ALM Staff | Law Journal Newsletters |
February 28, 2011

NY Panel Rejects Perelman Bid to Avoid Paying Film Obligation

A New York appellate court ruled that billionaire Ronald Perelman must pay $4.3 million to a film company he formed with his ex-wife, Ellen Barkin, despite Mr. Perelman's claim that the actress' breach of the couple's separation agreement relieved him of his financial obligations to the company. In a unanimous ruling, the Appellate Division, First Department, rejected Mr. Perelman's argument that Ms. Barkin's alleged violation of a provision in the couple's separation agreement concerning a 'Get,' or Jewish divorce, relieved him of his obligations to invest in Applehead Pictures LLC. Applehead Pictures LLC v. Perelman, 3193.

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