By continuing to use the site you agree to our Privacy & Cookies policy

George Litto Pictures sues insurance giant AXA Re

Producer George Litto has initiated arbitration proceedings against French insurance AXA Re for revoking two insurance contracts to provide the funding for five films. According to Litto's complaint, George Litto Pictures (GLP) obtained two lines of credit from Chase Manhattan Bank worth more than $100m. The issuance of each loan was contingent on the existence of supporting insurance which AXA assumed to protect Chase in the event of any shortfall.When GLP sought the ...

Restricted Content

Registration is required to read the entire article and to gain access to other restricted areas of the website

This content is for registered users only

To check that you are registered please enter your email address below

Our records show you are already a registered user. Please sign-in with your password...

By continuing to use the site you agree to our Privacy & Cookies policy

Not a Screen International subscriber?

Sign up today for immediate and complete access to ScreenDaily.com and Screen International magazine for as little as £19.95 a month!

newsletter+promo