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Litigation

Jun. 29, 2016

Paramount settles profit participation suit for $6.81 million

The settlement between Paramount Pictures Corp. and a group of the company's profit participants who claimed they were massively underpaid on home video royalties received preliminary approval Monday.

By Steven Crighton
Daily Journal Staff Writer

A $6.81 million settlement between Paramount Pictures Corp. and a group of the company's profit participants who claimed they were massively underpaid on home video royalties received preliminary approval Monday.

Paramount agreed to pay $3.405 million in cash to 89 "recouped" class members and has credited $3.405 million worth of accounting relief to 59 "un-recouped" c...

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