Background
Bergstein was born in Brooklyn, New York and grew up with his father Leonard Bergstein, an engineering professor and Holocaust survivor.
entrepreneur film producer investment banker
Bergstein was born in Brooklyn, New York and grew up with his father Leonard Bergstein, an engineering professor and Holocaust survivor.
Bergstein received a Bachelor of Science in pre-medicine at Polytechnic Institute of New York University and attended the Benjamin North. Cardozo School of Law.
This article is about the investor involved with Hollywood films. David Rafael Bergstein (born 1962) is an American businessman, writer and former film producer. In 1994 Bergstein co-founded Graybox (now Cyrano Group), a private equity and consulting firm where he is Chief Executive Officer. Participant of his career involved buying and selling distressed assets.
When the company went bankrupt, Bergstein and Tutor became owners of dozens of Franchise"s films.
By 2006 they had also acquired Capitol Films and ThinkFilm, in the process becoming major players in the independent film sector. In March 2010, fourteen creditors attempting to force the five companies controlled by Bergstein and Tutor into Chapter 11 bankruptcy were granted an emergency motion by a court to have an interim trustee appointed to oversee the companies.
Capitol Films and ThinkFilm were formally declared bankrupt by a Federal judge in October 2010, and Bergstein"s remaining three companies—R2D2, Connecticut-1 Holdings and Capco—in 2011. One of the creditors that had forced Bergstein"s companies into bankruptcy, Aramid Entertainment Fund, had its claims against Bergstein"s companies dismissed in 2012 — a judgment that was upheld by the New York Supreme Court in 2013.
In 2012 the former in-house counsel for Capitol Films who had left the company to work for Aramid, was successfully sued by Bergstein for breach of fiduciary trust and malpractice and ordered to pay $50 million in damages to Bergstein.
In 2014, another creditor, Screen Capital International, had its claims rejected by a federal judge. Lawyers successfully argued that it was not a legitimate creditor because it had purchased the claims from another entity. The purchase, for $660 million, included the rights to more than 700 library titles.
In 2012, Bergstein sued the owners of Miramax alleging they had reneged on paying him a $6.1 million fee and a 3.33 percent stake as compensation for his role in the acquisition.
The litigation ended two weeks later when Bergstein and Miramax reached a settlement. Bergstein is on the board of the Sheriff"s Youth Foundation, a youth program run by the Los Angeles County Sheriff"s Department.