Will smith and Jada Pinkett try to avoid litigation threatened by the investor Film

Overbrook is involved because the company manages Pinkett-SmithThe lawyers filed the complaint for declaratory relief against David Grasso, described in the presentation as a real estate magnate who invested Philadelphia Pinkett Smith in the film through its banner Tycoon Entertainment. Lassiter Will Smith and Overbrook Entertainment, James and Pinkett-Smith, Jada 100 percent Womon Film Investment filed a complaint in California Superior Court this week. I have been told that the complaint was a legal move proactively Pinkett-Smith and Overbrook after Grasso sent a letter threatening to sue for fraud unless he got his money back. I have been told that the presentation is to avoid a lawsuit threatened by an investor in Human Contract, a film Pinkett-Smith wrote and directed that went straight to video and apparently lost money.
The plaintiffs refused to make such a claim, and demand Grass acknowledged in writing that he understood the risksThe complaint argues that Grasso is a real estate investor with experience who had MCI as his counsel and should have understood the speculative nature of investment in film. According to the complaint, Grasso said in his letter he said his investment without risk.
I could not come to Grasso. Grasso very experienced investor and went to our customers – wishing to invest in this movie … We sincerely hope that this film had reached a larger audience, and Mr. Grasso share that disappointment did not.But Pinkett-Smith attorney Ken Hertz, said in a statement, “Despite that normally prevent this type of controversy that he felt compelled to respond to threats groundless and absurd allegations made by counsel for Mr. Grasso.