Saturday, May 11, 2013

TheWrap.com - Entertainment Industry Analysis, Breaking Hollywood News: Studio Behind Animated 'Wizard of Oz' Sued for $1.2M

TheWrap.com - Entertainment Industry Analysis, Breaking Hollywood News
Studio Behind Animated 'Wizard of Oz' Sued for $1.2M
May 10th 2013, 22:55

It doesn't always pay to follow the Yellow Brick Road.

Daniel Zucker is suing Gigapix Studios in Los Angeles Superior Court and alleging securities fraud and breach of contract over a  $700,000 loan related to a planned computer-animated version of "The Wizard of Oz." Zucker claims Gigapix never repaid the money in his lawsuit.

Zucker also invested money in the film and is seeking $1.2 million in damages and attorney's fees.

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