Book Authors Sue to Block Movie Production

In a move that could make expectant J.R.R. Tolkien movie fans unhappy, the author's estate is suing over royalties from the Lord of the Rings movies. This potentially implicates insurance called Film Producers Indemnity coverage, and the issue will be whether the movie makers have all of the legal rights to make those movies. Interestingly, the lawsuit focuses on contracts made back in 1969 over the movie rights, and asks for $150m in damages.