Courts / Wicklow / Report

Long running saga over film production company is resolved

Date
2020-06-29

Stage
Hearing Or Decision

Primary locality
Bray

County
Wicklow

Summary

The long‑running legal dispute between Berlin‑based W2 Filmproduktion Vertriebs GmbH and Irish film producers Morgan O'Sullivan and James Flynn over Octagon Films Ltd has been settled. W2 alleged that €40m‑€50m had been diverted from Octagon to the producers or entities they control. The defendants, directors of Octagon, denied the claims. The case, first heard in 2016, was brought before Ms Justice Teresa Pilkington, who was informed that the parties had reached a settlement through mediation. Under the confidential agreement, the producers will purchase W2's shares in Octagon by specified dates, retain control of the company, and the proceedings will be struck out on consent. No further settlement details were disclosed in court. The resolution ended a complex matter that had been before the courts for several years.