LOS ANGELES (CelebrityAccess) — Jeff Berg's Resolution Talent has been sued by the agency's former Chief Operating Officer Jeff Franklin, who is alleging that Resolution breached the terms of Franklin's exit deal.
Franklin joined Resolution after Jeff Berg launched the company in 2013 and served as the agency's COO until June when Franklin left the firm. According to The Hollywood Reporter, Franklin was to be paid a total of $150,000 in five monthly installments, as well as an additional $1 million for his ownership stake in the company.
Franklin contends that Resolution paid the first installment in June, but has since missed subsequent payments. As well, the lawsuit alleges that Franklin has only received the first $250,000 payment for his ownership stake. All told, Franklin is alleging that he's owed more than $870,000.
"We don't believe there's any basis for this lawsuit," a spokesperson for Resolution told The Hollywood Reporter.
According to The Hollywood Reporter, the lawsuit also included a copy of what was originally a confidential exit agreement between Resolution and Franklin where the litigants agreed to split commissions from a number of artists, including Outlaws guitarist Richie Blackmore, Patti LaBelle and Foreigner frontman Lou Gramm. The deal also included provisions for Resolution to waive Franklin's noncompete provided Franklin did not hire any Resolution employees for six months. – Staff Writers