Rosland Capital, the precious metals company where former Disney Channel actor Erik von Detten worked for years, listed debts of $63,695,061 in bankruptcy court documents, TMZ reported Nov. 2. The company and von Detten are also defendants in an elder abuse lawsuit brought by an elderly California couple, Sheila Greenberg and Norman Greenberg.
Rosland, which sold precious metals to retail customers, filed for Chapter 11 bankruptcy protection July 2 in the U.S. Bankruptcy Court for the Central District of California. That was less than two months after the Greenbergs filed their lawsuit.
What The Bankruptcy Filing Shows
Court documents cited by TMZ put Rosland Capital’s debts at about $63.7 million. The company filed for Chapter 11 to wind down its business, and its assets were acquired in October by another company, E! News reported.
Von Detten has become a focus of the bankruptcy case, too. Creditors claim he has been a “roadblock” in their efforts to get information about Rosland, TMZ reported. In October, the case’s official committee of unsecured creditors filed a motion asking the court to order von Detten to turn over documents and information and to authorize a subpoena, according to the court docket. That kind of request, known as a Rule 2004 motion, lets creditors gather information relevant to a bankruptcy.
The Elder Abuse Allegations
Sheila Greenberg, 85, and Norman Greenberg, 97, filed their lawsuit May 11 in Los Angeles County Superior Court, accusing von Detten and Rosland Capital of financial elder abuse and fraud. The couple said they called Rosland after seeing a TV ad in 2020 and were put in touch with von Detten, according to TMZ.
The Greenbergs allege they paid more than $2 million for gold coins that were worth only about $1.3 million, and they claim roughly $900,000 in damages. Their lawsuit alleges von Detten took advantage of their age. The couple is seeking to recover their losses, plus punitive damages.
TMZ reported that von Detten didn’t respond to the lawsuit before Rosland Capital filed for bankruptcy, and no public response from him to the allegations has been reported. Rosland’s attorneys told E! News they couldn’t comment directly on the lawsuit. They said they had worked with the creditors’ committee to create a liquidating trust that “will have the power to investigate the financial history of the company.”
Background On The Company And The Actor
Von Detten, 44, is best known for the Disney Channel movie “Brink!” and “The Princess Diaries.” He joined Rosland Capital in 2018, according to E! News. The Greenbergs’ lawsuit says he was assigned to work with them after they asked for the company’s top adviser, and TMZ reported he allegedly played an “instrumental” role in finding customers to buy gold.
What Happens Next
Rosland’s bankruptcy case is ongoing, and the Greenbergs’ lawsuit hasn’t been resolved. No ruling on the merits has been reported in either case. Total Apex Entertainment will follow the case as more details come out of court.
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