February 13, 2014

Sheldon Eisenberg Noted in Deadline.com

Los Angeles partner Sheldon Eisenberg was noted in a Deadline article titled, “Nash Bridges’ 48 million lawsuit over Don Johnson Payout Survives Challenge.”

Although Don Johnson’s successful multimillion-dollar show Nash Bridges is long gone, its lawsuit lives on. A Los Angeles superior court recently kept alive Mark Cuban’s company Rysher Entertainment’s lawsuit for more than $48 million, filed last year. The article notes that, “Cox Media is represented by Sheldon Eisenberg out of the L.A. office of Drinker Biddle.”

This ruling means that the suit by Rysher and its affiliates  will most likely see the parties continue their fight in front of a jury over who is really responsible for the judgment Johnson obtained last February.

In 2010, Johnson was awarded 50 percent of the Nash Bridges copyright, which entitled him to syndication rights on the series. He had originally sued Rysher, 2929 Entertainment and Qualia Capital in 2009 for not living up to the contract he had with them on the series.

Now that Johnson has been paid, Rysher and the other two companies filed a complaint in August 2013 for contractual indemnity and declaratory relief against Cox. Cox had sold Rysher in November 2001 to 2929 affiliates. In their complaint, the trio of companies alleged that Cox had played a $71.4 million slight of hand write-down in Bridges production costs before that sale.

The plaintiffs claim that if it hadn’t been for that write-down, the show wouldn’t have calculated to have made $30 million and that wouldn’t have been liable to pay Johnson. They are seeking re-payment of the $19 million paid to Johnson, $8.3 million in legal fees and at least $20.7 million in additional damages for future revenues due to Johnson’s production company.

Sheldon is working on the matter with Adam Thurston in our Los Angeles office.

To read the article, click here.



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