There is always more to the story, and that would be true for those in front of the camera and behind the scenes who work in, perform in, or produce in soap operas! News broke today that Jeff Kwatinetz, who spearheaded the online revivals of the canceled ABC soaps, All My Children and One Life to Live is now suing the company he works for Prospect Park and its Boston-based investment group ABRY Investment Partnership, L.P., and ABRY Senior Equity Co-Investment Fund IV.
According to Deadline.com, “The catalyst of the complaint was a difference of opinion that Kwatinetz has with ABRY over the direction of the company, sources tell me. Specially, that disagreement has to do with the future of AMC and OLTL and whether they will continue or not. Kwatinetz was advocating the continuation of the two series. Having said that, the producer had his lawyer Michael Taitelman file the complaint not because he intends to leave Prospect Park, I’m told, but because he wants to explore his options in what is a very complicated and multi-tiered agreement. Otherwise, all parties seem to be in sync right now at the busy Prospect Park and Kwatinetz continues to work there.”
“Kwatinetz is seeking a declaratory judgment over non-compete clauses in a December 31, 2012 employment agreement he signed with Prospect Park when the Boston-based investors came on board late last year. Jeff Kwatinetz wants a judge to decide if the “unenforceable non-competition and non-solicitation provision” would actually prevented him from working for another company for 5 years and if Prospect and ABRY could get an injunction to force him to work for them for 5 years if he attempted to leave. “In addition, the Guarantee contains what is essentially a $5,000,000 liquidated damages penalty for a ‘breach’ of the unenforceable non-competition provision and employment term requirements in the Agreement,” the 10-claim complaint filed on November 21 in LA Superior Court adds (read it here).”
So, do you think based on this, Kwatinetz was angling for AMC and OLTL to return (pending that soaps court case with ABC) but his own company and investors wouldn’t back him on the soap projects anymore? What do you think about Jeff taking Prospect Park and ARBY to court? Weigh-in!