In a bombshell decision, a federal Judge Barry Russell on Wednesday granted a motion to place the three remaining companies run by producer David Bergstein into bankruptcy without any further discussion or a trial.
So the three remaining entities in the involuntary bankruptcy case filed in March 2010 have been placed in bankruptcy. They are R2D2, CT-1 Holdings and Capco. Two other companies, ThinkFilm and Capitol Film, were forced into bankruptcy in October. This means the film libraries from ThinkFilm and other such entities as Franchise Films that Bergstein acquired over the years will be sold or otherwise disposed of as soon as practical. The 1,300-plus titles include The Whole Ten Yards, 3,000 Miles to Graceland, The Pledge, Laws of Attraction and Before the Devil Knows You’re Dead.
Bergstein controls a web of other corporations, but most are tied to the ones in the bankruptcy. The millions in investments made by Bergstein and his former partner, construction magnate Ronald Tutor, in ThinkFilm and other entities are lost.
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