BREACH OF CONTRACT: Court orders American actor Kevin Spacey to pay $31m

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A Los Angeles Superior Court has ordered American actor Kevin Spacey to pay the sum of $31 million to the studio behind Netflix’s “House of Cards” for breaching his contract.

The court in its filing revealed on Monday found the Oscar-winning actor guilty of breaching his contract with the studio by violating the company’s sexual harassment policy.

Recall that the production company MRC filed a petition with the Los Angeles Superior Court, seeking to confirm when the money to be paid by Kevin Spacey would be delivered.

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Kevin Spacey and his companies, M. Profitt Productions and Trigger Street Productions, were ordered to pay $29.5million in damages, $1.2million in attorneys’ fees, and $235,000 in costs associated with the arbitration.

Following the eight-day arbitration in February 2020, the arbitrator found ‘the allegations against Spacey to be true,’ according to MRC’s newly filed petition.

The document also stated that the arbitrator concluded that Spacey’s breaches of contract were ‘egregious.’

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