John Textor, the key executive who presided over the spectacular collapse and bankruptcy of famed vfx house Digital Domain, was sued a couple years back by the state of Florida, which alleged that he and other executives had defrauded Florida taxpayers of tens of millions of dollars.

John Textor.
John Textor.

The results of a settlement in the case were announced today, and John Textor won $8.5 million.

The city of Port St. Lucie, Florida, which gave Digital Domain nearly $52 million in incentives and land, and the state of Florida, which handed Digital Domain $20 million, will each receive somewhere in the neighborhood of $3 million each. The state of Florida has assured taxpayers greater accountability and transparency “to ensure a deal like this doesn’t happen again.”

In a statement published on TCPalm.com, which has more details about the settlement, Textor said, “Had the court not ruled that the management team acted truthfully, the management team would be contributing to the settlement. After two years of evidence, the court … and mediator further acknowledged there was no untruth told. Obviously, we’re pleased by the view of the court and the mediator.”

The money will be paid out through Digital Domain’s insurance policy.

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