June 1, 2001 |
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.
December 31, 1987 |
A real-life fight has erupted over Sylvester Stallone's "Rambo III," which ended shooting in Israel on Nov. 30 and then moved to locations in Thailand. Carolco Pictures Inc. and Tel Aviv-based Golan & Globus Studios are blaming each other for a rash of bounced checks. Golan & Globus' managing director Itzak Kol, besieged by nearly 100 irate creditors (including police and crew members), claims that Carolco location officials signed $200,000 in bad checks.
October 1, 1997 |
A federal jury in Los Angeles is scheduled to start deliberations today on whether former Carolco Pictures Chief Executive Peter Hoffman misrepresented his income and signed false returns to avoid taxes. Government prosecutors allege that Hoffman improperly tapped into more than $1 million in deferred compensation accumulated at Carolco, while his lawyers contend that the payments were loans he paid back.
April 8, 1998 |
Film producer Peter Hoffman was fined $5,000, but will not have to serve any jail time or have any probation imposed on him as part of an agreement with federal prosecutors to plead guilty to a misdemeanor charge of filing a false tax return. For 1989, Hoffman filed a return understating his taxable income by about $33,000. The fine, imposed by U.S. District Judge John G.
October 7, 1997 |
Film producer Peter Hoffman was found innocent Monday on two counts in his federal tax fraud trial by a jury in Los Angeles that will continue deliberating today on two remaining counts. The jury cleared Hoffman of filing and signing false tax returns for 1993 for himself and his production company, CineVisions. Still being deliberated is whether Hoffman filed and signed a false return for 1989. Jurors late Monday informed U.S.
December 31, 1991 |
Carolco Pictures said Monday that its chief executive, Peter Hoffman, will step down after his contract expires in March, ending months of speculation that the top strategist behind the independent studio's rapid diversification was on the way out.