Tolkien Trust Gains Small Win in $220 Million Suit
The Tolkien Trust (the British Charity that manages J.R.R. Tolkien's estate) is pushing forward with their lawsuit claiming that New Line Cinema owes them at least $220 million from the 3 films.
The gist of the suit stems from a 1969 contract they had with a studio that held the original rights to making the film, which stated that the Tolkien Trust is entitled to 7.5 percent of gross receipts from the films (and related products).
The Los Angeles Superior Court Judge Ann I. Jones has allowed the trial to proceed as a jury trial--something New Line wanted to avoid. You can click here for a fully, more detailed article about the recent proceedings.