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Effect of Omnicare On Private Placements in Film Ventures

In the entertainment industry, we frequently see private placement memoranda seeking to raise capital for films and that refer to success stories and independent films that became box office hits. But the U.S. Supreme Court's decision in <i>Omnicare v. Laborers District Counsel Construction Industry Pension Fund</i> should make all producers think twice about whether, or how, to include these success stories.

7 minute read April 01, 2015 at 12:35 PM
By
Thomas D. Selz
Effect of Omnicare On Private Placements in Film Ventures

In the entertainment industry, we frequently see private placement memoranda seeking to raise capital for films and that refer to success stories such as My Big Fat Greek Wedding , Little Miss Sunshine or other independent films that became box office hits.

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