Investment Capital Firm Sues Rizvi Traverse, Claims It Had Been Adopted Indie Pic Tekken

A venturecapital and equity firm has prosecuted Rizvi Traverse Management,alleging thatRizvi fooled itabout the commercial stability from the 2010 box office explosive device “Tekken.” (Rizvi may be the private equity finance firm with multiple Hollywood opportunities:stakes in ICM, Playboy Businesses, and Summit Entertainment.) Houston-based Small Endeavors claimsthat Rizvi convinced it to get a lot more than $10M in thevideo game adaptation, wrongly declaring that box office success was notcritical becausethe money could be recoupedfrom pre-offered foreign privileges. Releasedin a number of more compact foreign areas, Tekken has had in under millions of dollars. Rizvi co-founders John Giampatropni and Suhail Rizvialso werenamed within the suit, that was filedTuesday in federal court in Houston, and seeks damages, restitution and legal costs. Small Endeavors is symbolized by Gregory Casas of lawyer Greenberg Trauring.