The Most Awesome SEC Filing You'll Read Today (TWX)
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Time Warner (NYSE: TWX) shares were un-surprisingly lifeless today, as the Charlie Sheen effect ripped through U.S. Securities and Exchange Commission filings.
Time Warner filed an 8-K with the U.S. SEC today, disclosing the lawsuit Charlie Sheen and 9th Step Productions filed against WB Studio Enterprises, Inc., a subsidiary of Warner Bros. Entertainment Inc., and Chuck Lorre and Chuck Lorre Productions, the co-creator and co-executive producer of the television series Two and a Half Men.
From the filing: "Plaintiffs’ complaint asserts several causes of action in connection with WB Studios’ termination of Sheen’s contract for the Two and a Half Men series, including breach of contract claims and intentional interference tort claims. Plaintiffs’ complaint seeks monetary damages of $100 million, among other damages in unspecified amounts. WB Studios, through its division Warner Bros. Television, is seeking to arbitrate both the plaintiffs’ claims and WB Studios’ claims before JAMS, Inc., and on March 7, 2011 JAMS commenced arbitration. The Company intends to vigorously defend against and pursue, as applicable, the claims asserted by and against Sheen..."
A.k.a. - Charlie Sheen is now a material event to Time Warner.
The humorous filing was first highlighted at Footnoted.org.
Shares of TWX closed 0.11% today.
Time Warner filed an 8-K with the U.S. SEC today, disclosing the lawsuit Charlie Sheen and 9th Step Productions filed against WB Studio Enterprises, Inc., a subsidiary of Warner Bros. Entertainment Inc., and Chuck Lorre and Chuck Lorre Productions, the co-creator and co-executive producer of the television series Two and a Half Men.
From the filing: "Plaintiffs’ complaint asserts several causes of action in connection with WB Studios’ termination of Sheen’s contract for the Two and a Half Men series, including breach of contract claims and intentional interference tort claims. Plaintiffs’ complaint seeks monetary damages of $100 million, among other damages in unspecified amounts. WB Studios, through its division Warner Bros. Television, is seeking to arbitrate both the plaintiffs’ claims and WB Studios’ claims before JAMS, Inc., and on March 7, 2011 JAMS commenced arbitration. The Company intends to vigorously defend against and pursue, as applicable, the claims asserted by and against Sheen..."
A.k.a. - Charlie Sheen is now a material event to Time Warner.
The humorous filing was first highlighted at Footnoted.org.
Shares of TWX closed 0.11% today.
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