Wednesday, 16 March 2011

Summits Investors Libel Suit Reveals Omar Amanat's Control

EXCLUSIVE: Omar Amanat may be the most powerful person in Hollywood you’ve never heard of.

The press-shy investor filed a libel lawsuit last week against four British publications for calling him an “impostor.”

But he’s no impostor; Amanat controls 20 percent of Peak Group Holdings, the biggest shareholder in Summit Entertainment, according to documents obtained by TheWrap.

Also read: ‘The Secret Summit Prospectus’

Those documents further show that Amanat has huge power at the independent film studio.

According to the lawsuit and related ownership agreements, Amanat can block any decision by Summit’s board of directors, of which he is not a member.

“He can block substantially all material actions or votes with respect to Summit simply by withholding his written consent,” according to the lawsuit, which TheWrap obtained in full

via allkristenstewart

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