Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2012
Digital Domain Media Group bankruptcy and lender dispute
The company entered Chapter 11 after lenders alleged a breach of a minimum-cash covenant connected with a loan. The collapse also prompted disputes and lawsuits involving executives, directors, auditors, financing parties, and the company’s public offering. Reference material reports later proceedings and settlements concerning allegations of improper financing and short-selling activity.
2012
Closure of Tradition Studios and Florida operations
The company shut its Port St. Lucie operations during the financial crisis, ending the Tradition Studios expansion and eliminating nearly 300 jobs. The closure became a prominent part of the bankruptcy-related criticism and public controversy.