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Movie Financier David Bergsteins Bankruptcy Trustee Threatens Sanctions

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Bankruptcy court trustee Ronald Durkin filed a motion in federal court yesterday to compel beleaguered movie financier David Bergstein and one of his lawyers, Victor Sahn, to sign statements evidencing the finances of five companies now in involuntary bankruptcy, according to The Hollywood Reporter today. The motion by Durkin, a former FBI agent and forensic accountant, threatens financial sanctions against Bergstein and Sahn for filing earlier financial schedules in "bad faith." Bergstein was identified by the bankruptcy court as the official representative of the five bankrupt companies, which include Capitol Films, ThinkFilm and R2D2, which was a holding company for Bergstein and his business partner Ronald Tutor. The motion asks bankruptcy court Judge Barry Russell to impose financial sanctions on Bergstein and Sahn for filing past statements in bad faith and to sanction their "bad faith litigation tactics." The trustee's motion comes two days after a U.K. company controlled by Bergstein filed a lawsuit against the trustee and a movie distributor for interfering with Bergstein's attempts to collect money owed from movies that he licensed in the past.

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