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A suit filed by the law firm Sheppard Mullin as plaintiffs reveals Chapter 11 acquisition talks fell through between the firm’s client Cecchi Gori Pictures and a potential buyer comprising a trio of film producers. In the complaint, filed in California’s federal Northern District Bankruptcy Court, Sheppard Mullin requests declaratory judgment over a $100,000 deposit in connection with the Chapter 11 bankruptcy of Cecchi Gori, which is an Italian production company behind Oscar-winning foreign film Il Postino (The Postman). Sheppard Mullin Richter & Hampton LLP v. Cecchi Gori Pictures, 5:22-ap-05005.
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By Stan Soocher
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