Comisar says he only agreed to come on board with a three-year budget and Braun’s personal investment and alleges he got written agreements memorializing commitments. Braun is also said to have presented the potential of raising $500 million to $750 million from famed billionaires in the entertainment community, including David Geffen, Jimmy Iovine and Haim Saban. Braun demanded he “burn the bridges” with former employers, adds the complaint.
“Bolno, completely unrepentant, explained to Comisar that Braun never really believed he would have to perform and, brazenly, told him that ‘people in the entertainment industry do not honor their contractual agreements,'” states the complaint. “Bolno made clear that he and Braun believed that Braun was free to renege on his commitments with impunity and without consequences and would wreak havoc upon Comisar if he chose to pursue Braun on his commitments.
Moreover, according to Braun, Comisar diverted resources to a consultancy and is only now coming forward with “extortionate” demands because of the impending $1.05 billion sale of Braun’s holding company, Ithaca, which includes a talent management company, a publishing company and a record label. “Braun warned that this storyline could well destroy Comisar’s career,” continues the complaint. “The racism claim was entirely fabricated and without basis. The untoward intimidation strategy of Braun and Bolno hatched in September 2018 failed. Comisar has remained a value-added Board member and steward of investors’ capital in this portfolio company during the two-and-one-half years that have passed since the attempted smear.
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