"While we are incredibly proud of the artistic success of CABARET AT THE KIT KAT CLUB on Broadway and deeply saddened by the fact it has had to close early, the production has not been in a position fiscally to make any distribution to investors,"
"We've offered to engage in a constructive dialogue with Mr. Walker regarding his financial expectations and to give him access to our accounts, but unfortunately, he has instead decided to file a lawsuit that lacks any merit."
"for a deliberate scheme intended to strip him and other investors of their investments."
"not received a return of his investment or a share of profits,"
The Broadway revival Cabaret at the Kit Kat Club will close almost a month early after facing declining ticket sales and a lead performer’s health struggles. Investor James Lorenzo Walker Jr. sued the production for fraud after investing $50,000, alleging a deliberate scheme to strip investors and asserting he has not received returns or profit shares despite the revival grossing more than $90 million since April 2024. Producers said the production lacked fiscal capacity to make distributions, offered account access, and characterized the lawsuit as without merit. Weekly grosses fell from a $2 million peak to about $505,142 in late August.
Read at Vulture
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