screened a cut of the film at the Cannes Film Market. In July 2009, Aramid Entertainment provided a notice of default regarding the agreement to complete and release Black Water Transit, noting that the production company had failed to provide some of the necessary signatures for the agreement. In November 2009, Bergstein and his co-producer Ron Tutor were sued by a New York-based hedge fund for $120 million. Bergstein and Tutor both confirmed that Kaye had delivered a cut of the film. However, both reiterated that the film was "unreleasable". In January 2010, it was reported that Bergstein had reached a settlement in another lawsuit related to the film. In June 2010, the rights for Black Water Transit, valued at $26 million, were sold by Library Asset Acquisition Company (LAAC) to Black Water Transit Acquisition Company at a foreclosure auction for $2 million. However, as both companies were suspected to be owned by Bergstein and Tutor, the sale was opposed by a key creditor and a federal bankruptcy trustee. In March 2012, Kaye confirmed the film was still unfinished and that some additional material needed to be shot. He elaborated on the tonal shift of the project. "The film we made so far is not the film they expected," he said. "But as you edit, you learn more about the subject matter, and more about the actors, and nothing is set in stone. Movies are made many times—once in the writing, once in preproduction, once again during the shoot, once again in editing, in post, and again when you put it in the marketplace. These things, they change all the time, and that's what I love about it, the constant reinvention." In September 2014, it was reported that Bergstein and Aramid Entertainment had reached a settlement in their lawsuit and that the rights for the film would revert to Bergstein, pending a New York bankruptcy court approval. In May 2016, Bergstein issued a press release regarding a recent complaint by Aramid Entertainment against its former executive, David Molner. The complaint mentioned the project had gone into litigation, with the repayment of Aramid's $17.5 million "Black Water Transit loan" dependent on the outcome. The press release noted that "actions against other firms involved currently remain in litigation." In June 2018, Bergstein was sentenced to eight years in prison for fraud. Earlier that month, Kaye signed on to direct a screenplay by