Report: ‘Think Like a Man Too’ Producers Facing A Lawsuit From Bronner Bros. CEO
Think Like A Man Too may have been tops at the box office this past weekend, but there was a not-so-nice drama brewing behind the scenes. According to an exclusive EURWeb report, the film’s producers are being sued for gross mismanagement and abuse of control. A lawsuit was just filed against Rainforest Films by Bronner Brothers president and CEO Bernard Bronner.The black haircare products mogul (and publisher of Upscale magazine) is suing Will Packer and partner Robert Hardy, II, along with TRF Productions, LLC for gross mismanagement, misappropriation of corporate assets, waste of corporate assets and abuse of control, among other things.
Bronner says he invested more than $500,000 to launch Rainforest with Packer and Hardy and raised more than $250,000 for the company. But he claims he has received “only a fraction of the initial amount that he invested in Rainforest (and the amounts solely raised from his personal business and social contacts)” even though Hardy and Packer have made “millions of dollars” from the success of the company.
Bronner has been in business with the pair since 2000’s indie film Trois when he says he invested more than $500,000 in the film in exchange for a return on his investment and “a profit” based on the film’s box-office performance. Trois turned out to be the film that put Rainforest in the mix in Hollywood — it grossed more than $1.2 million in box office receipts and became the fastest African-American distributed film to surpass the $1 million mark.
More successful films followed--The Gospel ($15.7 million in box office sales), Stomp the Yard ($75. 5 million ), This Christmas (roughly $50 million), Obsessed ($73.8 million), Takers ($69 million), Think Like a Man ($96 million worldwide), Ride Along (almost $150 million) and About Last Night ($50 million in gross receipts as of April 25, 2014).
According to the suit, Bronner didn’t receive any payments for 2002, 2004, 2007, 2008 and 2009 and when questioned about the financial status of Rainforest, Hardy and Packer repeatedly told Bronner that the company, despite its successful films, was making “little to no profit.”
In addition to not getting the money he says he’s due, Bronner says in the suit that he was systematically shut out of Rainforest by Hardy and Packer as they took over total control of the company without giving him any decision-making power.
“Bronner alleges in the suit that Hardy and Packer’s conduct was ‘oppressive’ and ‘unfairly prejudicial’ to him and Rainforest shareholders. In addition, the executive claims Hardy and Packer committed fraud in withholding financial information as well as ‘violated and breached their fiduciary duties of good faith, loyalty, oversight, and supervision,'” reports EURWeb.
EURWeb says it didn’t receive comment from Will Packer’s spokesperson upon request.