650,000+ Fans and Followers:    
Advertise | Submit News
Monday, March 16, 2015

$45 Million Lawsuit Filed Against Former Vice President of NBA Players Association and Southern Film EB5 Regional Center

Theo Ratliff

Theophilus “Theo” Ratliff, former Vice President of the NBA Players Association

Atlanta, GA — Open Rivers Media Group, Inc. d/b/a Open Rivers Pictures (“ORP”), has filed a civil lawsuit 1:15-cv-00724-SCJ under the Racketeer Influenced and Corrupt Organizations Act (RICO) as well as other state laws against the former Vice President of the NBA Players Association, Theophilus “Theo” Ratliff, Dominic “Nic” Applegate, Gate Industries LLC, Southern Film Regional Center, Maurice Anderson and Ratliff Entertainment LLC.

All of the defendants are being accused of conspiring to defraud ORP out of expected profits associated with their EB5 application to build soundstages and to produce content for film and television. Through the lawsuit, ORP seeks a court declaration of $45 Million Dollars plus attorney fees.

ORP’s legal counsel, Christopher Brown of Brown & Rosen LLC states, “In my opinion, the defendants’ intentions were to defraud my clients out of the $45 Million Dollar EB5 investment package. My clients were responsible for bringing the projects to the table and the defendants worked together to circumvent ORP. For Gate Industries, LLC to subsequently drop the EB5 application and yet attempt to keep the $100,000 paid to Gate Industries, LLC for the application and the projects presented by ORP is unlawful.”

He adds, “Georgia law do not allow for a party to refuse to perform services but keep the money for the services to be performed. My clients have no attention of walking away from this litigation without being made whole.”

Open Rivers Pictures is a full-service production company, producing content for television, film and the digital platforms. For more details, visit www.openriverspictures.com

PRESS CONTACT:
Alvin V. Williams
678-271-8088
info@openriverspictures.com

 

SHARE THIS PAGE:


Get the Latest Black News and Press Releases In Your Email FREE


Your Email Address Here