A court-appointed overseer wants to liquidate the remnants of a movie studio tied to a $1.7 million dispute with members of the New Orleans Saints. Fifteen current and former team members paid the money to Louisiana Film Studios in late 2008 for what they thought would be state movie industry tax credits returning $1.33 for each dollar invested. State officials say the studio never applied for the credits and the money has not been returned. A group of buyers later forced the company into Chapter 11 bankruptcy, but in a motion filed Tuesday, trustee Gerald Schiff asked a federal bankruptcy court to order a Chapter 7 liquidation of the studio’s assets.
Overseer: Liquidate film studio in Saints dispute
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