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Inc., contained five film titles. The “Vista Street” library,
purchased by SMHC in March 1999 from Marketing Media Corp. d/b/a
Vista Street Entertainment, contained 24 film titles. The
“Moving Picture Factory” library, purchased by SMHC in October
1998 from The Moving Picture Co., Inc., contained 34 film titles.
SMHC also investigated a number of film titles and film
libraries that, for one reason or another, it did not acquire.
IX. Relationship With TroMetro Films, LLC
A. John H. van Merkensteijn
John H. van Merkensteijn was Mr. Lerner’s longtime friend,
client, and business associate. In the 1970s, Mr. Lerner had
represented Mr. van Merkensteijn in some transactions. Since
then, they have stayed in contact and have been friends. Mr. van
Merkensteijn participated in transactions with Mr. Lerner both
before and after 1996.
B. TroMetro Films, LLC
On December 15, 1997, Mr. van Merkensteijn formed TroMetro
Films, LLC (TroMetro), to be part of a distribution relationship
with SMHC and Troma and to purchase receivables from SMP. Mr.
van Merkensteijn had no office of his own for TroMetro; instead,
he had items sent to Crown Capital’s office.
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