On November 18, 2022, a federal jury in the Central District of California returned a defense verdict in favor of Virtual Sonics, Inc. in a multi-million dollar lawsuit brought by producer Scott Mednick and his son, Skyler Mednick.
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Sasha Frid, Partner, Miller Barondess, LLP (Photo: Business Wire)
Virtual Sonics is a cutting-edge music technology company specializing in developing high-end digital music instruments used in films, video games and other mediums. Scott Mednick, a producer and co-founder of Legendary Pictures, is credited with producing films such as Superman Returns, Teenage Mutant Ninja Turtles, 300 and We Are Marshall.
The Mednicks were early investors in Virtual Sonics. They sold their interests and ended their relationships with the company in 2019. Two years later, in 2021, they brought a lawsuit in federal court seeking millions in deferred compensation and penalties, interests of and others for relief claiming that these amounts were not part of the 2019 buy-out. Virtual Sonics’ position throughout the hard-fought litigation was that the Mednicks got everything they were owed as part of the deal; the apple because the Mednicks were not happy with the deal they made. A California federal jury agreed and delivered a defense verdict after less than an hour of deliberations, following a week-long trial featuring testimony of the Mednicks as well as the co-founders of Virtual Sonics, brothers Jeremy and Julian Soule.
Sasha Frid of Miller Barondess LLP, who represented Virtual Sonics in the lawsuit, was very pleased with the verdict. “The jury figured out what happened here and got the right result. This was a win for the good guys. The plaintiffs got everything they bargained for in the buy-out and were trying to leverage the company with this lawsuit. Virtual Sonics never budgeted and were resolute that it did not owe the Mednicks a penny more. I am honored to represent such a great client. We thank the jury and the court for its diligence in this tough case.”
This win follows a string…