Billionaire Ryan Kavanaugh’s Relativity Media has removed two members from its board of directors after the company accused them of spreading false rumors to gain control of the firm, according to a report from the Hollywood Reporter. (http://www.hollywoodreporter.com/news/relativity-removes-pair-board-as-798350)

Jason Colodne and Jason Beckman, partners at New York’s Colbeck Capital, which had facilitated a 2012 financing arrangement for Relativity, resigned under pressure from Relativity’s board. The company accused them of leaking false information to the New York Post for a story claiming Kavanaugh had to make a $200 million debt payment by the end of the month or risk losing Relativity to creditors, according to the Hollywood Reporter.

In a Wednesday statement provided to the publication, Relativity maintained that Kavanaugh remains in full control of the company, and took shots at the departed board members.

“At the board’s request, Colbeck Capital has resigned from the Relativity board of directors, and some with an axe to grind are clearly mounting a desperate attempt to spread false rumors about the company,” Relativity said in the statement.

The company did not immediate respond to a request for comment.