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"THIS SIDE OF INNOCHHICE® Mr. Leo Gottlieb, attorney for Armand Deutsch, was civen « letter 6f agreement on November 50th which gave Er. Deutech thres wesks within which to pay to United Artists Corporation $50,000 f3r reloasing its distribution rights to this proposed picture. We have since heard fros him that they were unable to complete the negotiations. oe :
United artists sometime ago advanced $25,000 toward a story which John Ford was to make into a picturs for release by U. A. This matter is to be sursued > further.
Jacques Grinieff owes United Artists Corporation $51,000 plus, and legal action will be taken to collect this unless it is settled without further delay.
Gaur legal counsel, O*Brien, Driscoll, Raftery and Lawler, feel that Colunbdia Sroadcas‘ing System violated our copyrights on pictures we bought from Paramount in televising these pictures to the general public. ‘They have been advised to take necessary legal action.
A cenanc is being mace by our legal department upon ifr. Sehwarts, attorney for Columbia Fictures, to examine the reeords of Edvard Small's "VALENTINO" picture. United Artists may have the right to distribute this picture.
It is the opinion of management and our legal department that the so-called "road show" method of handling CYRANO DE BERGERAC is mot in accordance with the con tract and we have sade a request to iri Zagon, legal representative of Staniey Kramer Productions, Inc., to arbitrate this question, ani havo made denand upon him for 274% releasing fee. ~
The Odeon Cinema Holdings Company is entitled to a tax rebate ef &207,000 of which United avtists is entitled to a 50% share provided a dividend is declared . for the full amount. We have made demand upon Odeon Cinema Holdings for this.
ZED FRO TOUS TRASSACTIONS
4s a result of am inquiry by Miss Pickford as to shat happened to $2,000,000 of company assets, I secured from H. J. Muller on October 13th, 1950, the following report on the disposition of cash realized from the following transactions:
"Grinieff transaction $ 900,000
Odeon stock sale
California Theatre sale 125,000
Schenck life insurance loan ~~. 4200909 $ 1,895,000
"When money is deposited in a bank account it is merged rith currently in that bank account as well as with future deposits and it to the exact disposition of any particular item of cash. the
by
a ; "E i. g et fl :
§ 4: ie
of 1946 to July 29, 1950, while it sill $1,895,000 of cash mentioned above, will show that the profits realised from these transactions were absorbed
years, as stated in the brief summary
4g redugtion of $2,821,047 in the net worth of the corporation from the end t t