German film company’s action against Irish producers resolved in mediation

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

A long-running dispute between Berlin-based W2 Filmproduktion Vertriebs GmbH and producers Morgan O’Sullivan and James Flynn was resolved after mediation, the High Court was told on June 29, 2020. W2 had alleged that between €40 million and €50 million was diverted from Octagon Films Ltd; both producers strongly denied the allegations.

Under the settlement, the producers agreed to purchase W2’s shares in Octagon by certain dates, and the parties consented to striking out the proceedings. The settlement’s other details were not disclosed in open court.