Investors take former Digital Domain CEO Textor, wife to court for fraud

John and Deborah Textor, May 2012 (Source: Zimbio)

The fallout from Digital Domain Media Group’s bankruptcy continues with investors in the troubled special effects and 3D conversion firm taking the former CEO, the company’s auditors and other executives to court for fraud, according to Deadline.com.

Having lost millions in the James Cameron-founded company just before it went under last September, Iroquois Master Fund and Kingsbrook Opportunities Master Fund late last week filed a six claim complaint (click to read the documents: http://www-deadline-com.vimg.net/wp-content/uploads/2013/05/Digital-Domain-CEO-Investors-Suit__130521225732.pdf)  against Jupiter Island resident John Textor, his wife Deborah, various DDMG directors and auditors SingerLewak LLP.

The complaint in New York State Supreme Court alleges common law fraud, aiding and abetting fraud, negligent misrepresentations and omissions, negligence, breach of the implied covenant of good faith and fair dealing and civil conspiracy.

For the complete Deadline.com story: http://www.deadline.com/2013/05/digital-domain-ceo-auditors-sued-fraud-lawsuit-james-cameron/

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