An online site that covers independent movie making estimates that almost 100 films are affected by a lawsuit filed by Merrill Lynch and Bank of America against Regent Entertainment Group seeking $90 million over claims of false movie license and distribution agreements. The plaintiff asserts the defendant used those pacts to persuade the banks that Regent would bring in future revenue to cover loans it obtained.

The complaint, filed in Los Angeles Superior Court, claims that the infringements started occurring in 2005; instead of  money going to buy film rights and to advertise these productions, sums went to Stephen Jarchow, director of Regent Entertainment Group, the plaintiffs claim.

The films’ makers also are getting involved in this lawsuit, deciding whether to file individual claims or to seek a class action over return of the rights to works they licensed to Regent or to seek payments they claim they are owed but have never received.