Aramid

But as has been the case with seemingly everything Bergstein was involved in for the last few years, payments never materialized, and Aramid foreclosed on the film in late 2008.

Taylor Hackford’s Delayed Film Love Ranch Gets Summer Release Date | /Film 2010

Capitol was bought by David Bergstein and Ron Tutor, and in the spring of 2008 they borrowed almost $9m from Aramid Entertainment Fund, using Love Ranch as collateral.

Taylor Hackford’s Delayed Film Love Ranch Gets Summer Release Date | /Film 2010

The two firms did not end up making a deal, but Aramid alleged in the suit that Fortress improperly used that information to buy into the Beverly deal later.

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Aramid Entertainment Fund alleged in a lawsuit Wednesday that the Sony fund, which co-financed 18 movies since 2008, was shut down late last year in a manner that benefited both fund manager Relativity Media in West Hollywood and the investor, New York money management firm Fortress Investment Group, at Aramid's expense.

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The lawsuit said that Aramid was cut out and received no return on its original $22 million investment, which would have been worth at least $44 million had the Beverly fund continued making movies.

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Citibank, also an investor, and its affiliates recruited Aramid and other investors.

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Aramid said in the suit that it invested $22 million in the fund, formally called the Beverly Slate Fund.

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According to the suit, Aramid gave Fortress access to its private financial information, including details of the Beverly Slate arrangement, as part of talks to buy some of Aramid's assets.

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At the same time, Aramid said, Fortress persuaded Sony Pictures to end the deal in December even though the terms allowed Beverly to keep funding movies through 2013.

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The suit said that Relativity represented to Aramid throughout the fall that Beverly would co-finance several upcoming Sony films, including "21 Jump Street" and a new Adam Sandler comedy, "I Hate You Dad."

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