Court appoints trustee to oversee Bergstein’s companies
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The feds are now watching over David Bergstein’s shoulder.
The embattled film financier best known for running independent distributor ThinkFilm lost a battle in court today with creditors who wanted to protect the remaining assets at five of his companies.
According to Screen Capital International Corp. head David Molner and the three major Hollywood unions -- the Screen Actors Guild, Directors Guild of America and Writers Guild of America -- which are all creditors in the case, a federal bankruptcy judge in Los Angeles appointed an interim trustee to oversee the five companies at a hearing today.
Bergstein did not respond to a request for comment.
According to Molner, the trustee will be named soon and will oversee Bergstein as he continues to run the five companies.
A total of 29 creditors today backed the push for an interim trustee and are attempting to force Bergstein’s companies into involuntary chapter 11 bankruptcy.
The next hearing in the case will be on May 25.