Think Like A Man Too producer Will Packer calls a lawsuit filed by a former business partner "...frivolous, misguided and petty." Find out why Will's former partner feels cheated out of their fortune inside....
Former Rainforest Productions partners William (Will) E. Packer, Jr. and Robert (Rob) E. Hardy, II (shown above) are being sued by former investor and partner Bernard H. Bronner (below), who claims"breaches of fiduciary duty, gross mismanagement, misappropriation of corporate assets, waste of corporate assets and abuse control."
Bernard, who founded UPSCALE Magazine, filed a lawsuit with the Superior Court of Fulton County Georgia claiming he'd invested $500,000 to start Rainforest with Will and Rob and had raised more than $250,000 for the company. Despite their success with films Stomp the Yard, Takers, Think Like a Man, and Think Like a Man, Too. Bernard says Will and Rob have achieved baller status but HAVE NOT distributed their profits fairly. In fact, he says he's...
"received only a fraction of the initial amount invested in Rainforest...Despite this fact, (Will) Packer and (Rob) Hardy have extracted millions of dollars from RAINFOREST and their respective ownerships are nearly equivalent to (Bernard) Bronner’s."
Will and Rob release a statement challenging the claims saying,
“Bernard was a valuable supporter at a key time for Rainforest, and we remain grateful for his assistance. We also understand his disappointment about the shareholders majority vote decision to dissolve Rainforest. We wish only the best for Bernard and all the other Rainforest shareholders. When the emotionalism subsides, we hope Bernard will feel the same and realize that his frivolous course of action is personal, misguided and petty.”
Now Will and Rob (who've since dissolved Rainforest Productions), may have to meet Bernard in court as he's demanding a jury trial and punitive damages and other relief.
We'll keep you posted.......
Photos via Getty/AJC/ Johnny Crawford/Splash/Pacific Coast News
