Fox News Network, LLC, which operates Fox Business News, and Leftfield Pictures, a reality television producer, have come to a settlement over a breach of contract lawsuit regarding a proposed series. Reality television viewers in Texas might have heard about the potential show about estate sale managers.
Known for producing "Pawn Stars," Leftfield Pictures filed the lawsuit in July 2015, claiming that FBN pulled out of a reality show three months after it agreed to a deal that included 26 episodes. Leftfield Pictures claims that it had started production when FBN declined to pay for its work, and it was seeking $4.5 million in damages through the lawsuit.
In a response to the suit, FBN said that Leftfield Pictures misrepresented a few of the participants in the show. The network reportedly told producers that the series needed to be factual because it was set to air on a news channel rather than an entertainment channel. FBN also stated that the producers did not meet the deadline for the initial six episodes, which was included in the deal.
In a joint statement following the settlement, the companies said that they have come to an amicable agreement. Neither of the parties admitted to having done anything wrong, and they have agreed that no other comments will be made about the settlement terms. The statement added that both parties hope to work together going forward.
When two businesses are involved in a breach of contract dispute, they could have the opportunity to settle it outside of court. Companies could ask their attorneys to help them negotiate the corporate dispute as an alternative to lengthy litigation.
Source: Deadline, "Fox Business Network & Leftfield Settle Lawsuit Over Scrapped Reality Series," Dominic Patten, May 4, 2016