News  /  March 18, 2015  /  

Deja vu: KHIKS sues Trauma 2 Records all over again

For the second time in less than a year, KHIKS partner Jeremiah Reynolds, on behalf of Filmula Entertainment’s founder/producer Johnny Lin, filed suit against Trauma 2 Records and related entities controlled by media mogul Frederick “Ted” Field.

Both lawsuits concern the $1.5 million in seed capital Lin invested in Trauma 2 in 2012.  The first suit alleged Trauma 2 failed to return Lin’s investment and never appointed him to the board of directors, both conditions of the parties’ agreement.  That case settled with Trauma 2 agreeing to repay Lin’s investment plus additional compensation.

After the first monthly payment arrived more than a month late in January 2015, Lin has yet to receive the second payment.  This time he’s not waiting around.  He filed the second lawsuit just a few days ago to try once again to get his money back.

See the full story in The Hollywood Reporter.