Studio Takes 2nd Shot In $45M EB-5 Suit With Ex-NBA Player

Law360, New York (December 7, 2015, 8:12 PM ET) — A film production studio has renewed its $45 million suit against former NBA journeyman Theo Ratliff and several entertainment companies over an unsuccessful EB-5 immigrant investor deal, filing an amended complaint Friday after the first one was tossed for being too “confusing.”

Television and film studio Open Rivers Pictures Media Group Inc. alleges Ratliff and his company, Ratliff Entertainment LLC, the Southern Film Regional Center LLC, its affiliate Gates Industries LLC and others conspired to steal a business opportunity it created and exclude it from an…

Source: Law360