LOS ANGELES (Nov. 24, 2008) — Actor Bruce Willis has sued the parent company of Green Rubber Inc., claiming it is withholding $900,000 of the $2 million investment he made in the company.
Willis invested in the recycled rubber devulcanization company in 2007, but in March 2008 decided to exercise his option to recover the full amount of his investment, according to news reports. The company paid back $1.1 million, but in the complaint he filed with U.S. District Court for the Central District of California, Willis accused the Petra Group — the Kuala Lumpur-based parent of Green Rubber — of making “different specious excuses” for keeping the rest of the money.
In a press release, the Petra Group said Willis knows the company will pay him the balance of his money within the next few weeks. “The company is therefore very surprised by Mr. Willis' actions, and refutes in the strongest possible terms any allegations of impropriety,” the firm said.