Tech and VFX giant Technicolor and its former CEO Frederic Rose have been indicted on fraud and breach of trust charges in France, per a report in French trade La Lettre Audiovisuelle, which we hav…
and its former CEO Frederic Rose have been indicted on fraud and breach of trust charges in France, per a report in French trade La Lettre Audiovisuelle, which we have confirmed.
Producer Ben Ammar had alleged that Technicolor worked against his company to force it into bankruptcy, and then purchased his assets at cut down price. Ben Ammar has filed both criminal and civil suits, the latter demanding €60M in damages. Tehnicolor and Ben Ammar were unavailable for comment. Rose unexpectedly left the firm last month after more than a decade in the role. He was replaced as CEO by Richard Moat.
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