- Bloomberg News
Ryan Kavanaugh, the chief executive of Beverly Hills-based Relativity Media LLC, isn’t holding back in defending his company’s business model and, by association, his reputation.
“I will stand by our business model 100 percent,” he said in a recent interview with The Hollywood Reporter
. “This company should not be in bankruptcy.”
The controversial financier, who has led Relativity from its founding in 2004 through its collapse into bankruptcy last month, outlined what he says was a scheme to take over the business.
In the interview, Mr. Kavanaugh said Colbeck Capital, which holds a place on Relativity’s board of directors, tried to sabotage a recent bid to raise $200 million, and, in effect, steal the company.
“The Relativity Board and Ryan Kavanaugh fully authorized Colbeck to run this parallel process,” a representative for Colbeck said in response to the allegations that it was working behind Mr. Kavanaugh’s back.
Asked whether or not he would sue over the dispute, Mr. Kavanaugh wouldn’t say. But he said he has a good case.
“I can tell you that people with knowledge of the situation say I have, quote, ‘the mother of all lawsuits,’” he said in the interview.