Relativity’s Ryan Kavanaugh Sued Over Advertising Loans

Relativity Media LLC’s Ryan Kavanaugh was sued in New York state court by a financing company that said loans for print and advertising were used for a different purpose than agreed.

“In support of Relativity, River Birch Funds LLC, an entity owned by Ryan Kavanaugh, pledged an equity ownership interest in RKA,” David Shane, a spokesman for Relativity, said in a statement. “Unfortunately, Relativity’s payment to RKA was delayed as a result of the company’s pending refinancing. We expect this matter to be resolved shortly.”