Source.
On 4th November, FUNimation Entertainment have filed a lawsuit against John Ledford (CEO and co-founder of A.D. Vision), A.D. Vision, AEsir Holdings, Sxion 23 (Section23 Films), Valkyrie Media Partners, Seraphim Studios, Sentai Filmworks, Sentai Holdings, and Unio Mystica Holdings (Switchblade Pictures) for breach of contract and other claims. FUNimation claims the defendants owe them an estimated $8million, plus interest, costs and attorneys' fees.
The lawsuit stems from FUNimation becoming a creditor in regards to debt that ADV owed ARM Corporation; a third-party licensor owned by Sojitz.
On December 23, Sentai Filmworks, Seraphim Studios, Sentai Holdings, Valkyrie Media Partners, Unio Mysteica Holdings, AEsir Holdings, and Section23 Films filed a counterclaim disputing the charges.
On 4th November, FUNimation Entertainment have filed a lawsuit against John Ledford (CEO and co-founder of A.D. Vision), A.D. Vision, AEsir Holdings, Sxion 23 (Section23 Films), Valkyrie Media Partners, Seraphim Studios, Sentai Filmworks, Sentai Holdings, and Unio Mystica Holdings (Switchblade Pictures) for breach of contract and other claims. FUNimation claims the defendants owe them an estimated $8million, plus interest, costs and attorneys' fees.
The lawsuit stems from FUNimation becoming a creditor in regards to debt that ADV owed ARM Corporation; a third-party licensor owned by Sojitz.
On December 23, Sentai Filmworks, Seraphim Studios, Sentai Holdings, Valkyrie Media Partners, Unio Mysteica Holdings, AEsir Holdings, and Section23 Films filed a counterclaim disputing the charges.