Artisan Entertainment Inc., the movie company that released the "Blair Witch" films, has sued financier and producer Peter Hoffman for allegedly causing the company to scrap plans for a first-time stock sale.
Artisan claims that a film-financing project backed by insurance policies that Hoffman proposed fell apart, forcing the company to halt production on films and delay its initial public offering. Artisan's complaint, filed Friday in Los Angeles Superior Court, also names British insurers Royal & Sun Alliance, Heath Insurance Broking Ltd., ICE Media Ltd. and producer Graham Bradstreet as defendants.
