RadarOnline.com has obtained court documents filed by First National Bank in Sioux Falls on behalf of Gy Waldron, whom created The Dukes of Hazzard, against Warner Brothers Entertainment and the television company, claiming breach of contract, fraud, and unjust enrichment by cheating Waldron out of profits from the television show and the movie.
Waldron had established a trust through a charity group, The Sequoia Charitable Trust, and the bank is the trustee. The lawsuit contends that Warner Brothers withheld payment from Waldron, and underestimated profits from the The Dukes of Hazzard, to cheat Waldron out of money. This isn’t the first time Waldron has sued Warner Brothers several times in the past claiming he hadn’t been paid.
In 1987 a settlement was reached giving Waldron $6 million dollars, and 6.5% of future earnings from the franchise. Waldron claims he hasn’t been paid for the 2005 movie.
He states, “Defendants falsely claimed that the Dukes films constituted a spin-off,” and that he wasn’t entitled to the agreed upon percentage from the 1987 settlement.
The bank is seeking $15 million dollars in damages, and attorney’s fees.