"James Lorenzo Walker Jr., an entertainment lawyer and investor based in Georgia, on Sept. 4 sued the principal producers of Broadway's Cabaret at the Kit Kat Club for allegedly failing to pay out profits or provide accounting for funds. The suit, focusing on the beleaguered Broadway show, was filed just as the principal producers announced it will close Sept. 21, four weeks ahead of schedule after a 17-month run."
"The suit names entities including ATG Productions, a New York-based theatrical company described in the litigation as lead producer of Cabaret, with operational control over the finances, management, and creative decisions of the production. ATG also reportedly owns the August Wilson Theatre, where the show has been running and which was modified for this production. The Broadway Report indicated ATG is majority-owned by Providence Equity Partners and minority-owned by Blackstone Inc."
James Lorenzo Walker Jr., an entertainment lawyer and investor, filed a lawsuit on Sept. 4 against the principal producers of Broadway's Cabaret at the Kit Kat Club for allegedly failing to pay profits and provide accounting. The suit names entities including ATG Productions, described as lead producer with operational control over finances, management, and creative decisions, and notes ATG owns the August Wilson Theatre. Investors pooled funds through KKC Productions and seek to place partnership monies in trust until accounting and audits are complete. The complaint seeks compensation, legal costs, and damages, alleging more than $90 million in grosses but no investor returns and claims of stonewalling. Producers announced an early closing Sept. 21 after a 17-month run.
Read at www.amny.com
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