Termintor Salvation produces in lawsuit

Producer Moritz Borman claims he helped arrange for fellow producers Anderson and Kubicek to acquire the rights to the Terminator franchise for their production company Halcyon Co back in 2007. Not only did it give the two full rights over the production of Terminator Salvation, but also any future sequels they may want to make, as well as any merchandising and licensing.
Borman claims financial backing for the movie was secured through investment fund Pacificor LLC in exchange for approval rights over the movie and all creative decisions, and in return he would get a $5 million fee.
However Borman says the pair failed to honor their initial agreement, essentially “hijacking” the production in July of last year and didn’t pay him his $2.5 million fee he was due at that point in time. The legal document has been released and reads:

“Notwithstanding the fact that defendants obtained the substantial franchise rights and assets through Borman, Anderson and Kubicek failed to honor their assurances, representations and contractual obligations to Borman. Defendants’ egregious fraud, bad faith conduct and refusal to abide by their contracts has led to the filing of this lawsuit.”

“It also came to light that Anderson and Kubicek did not have the means to finance the picture, had defaulted on numerous loans and owed over $1 million to creditors on the picture.”
He is now seeking $160 million in damages through the LA courts.