W2 Filmproduktion claim against Irish producers resolved

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

The High Court was informed on 29 June 2020 that W2 Filmproduktion Vertriebs GmbH’s claim against Morgan O’Sullivan and James Flynn had been resolved following mediation. The action returned before Ms Justice Teresa Pilkington and concerned allegations about the diversion of funds from Octagon Films Ltd, which both producers strongly denied.

The settlement included the producers agreeing to purchase W2’s shares in Octagon by specified dates, while they retained control of the company. Counsel for the producers said the proceedings could now be struck out on consent. No further settlement details were disclosed in open court.

The company had sought damages for alleged breach of duty, fraud and conspiracy, while the producers denied diverting fees, income or opportunities due to Octagon.