QED and former CEO Bill Block have resolved their legal dispute to the mutual satisfaction of all parties, it was announced Wednesday evening. Details of the settlement were not immediately disclosed.
Block was sued earlier this year after he left his post as CEO of film production and sales company QED International in order to focus his attention on Merced Media, the development, production and financing venture he launched with PalmStar CEO Kevin Frakes and Raj Singh’s investment firm Merced Capital.
QED’s new bosses, Sasha Shapiro and Anton Lessine, had previously filed suit against Block in the federal Court in Los Angeles citing unfair practices and copyright infringement.
“Instead of performing his executive responsibilities exclusively and conscientiously for QED, Block actively and surreptitiously hijacked QED’s assets and siphoned QED’s opportunities for his personal gain,” read the complaint. “One of the means he used to do that was to misuse QED’s name and trademarks to establish and operate entities controlled not by QED, but by Block personally.”
Block’s attorney, Martin Singer, fired back, saying the claims were untrue. “The claims asserted against
Now that the dispute has been resolved, Block and QED look forward to the upcoming release of the Zac Efron-Robert De Niro comedy “Dirty Grandpa” on Jan. 22. “Dirty Grandpa” is a QED Production that was produced by Block and executive produced by Shapiro and Lessine.