Netflix faces $15 billion lawsuit over Panama Papers movie

Panama Papers imagery has sparked outrage over US Company Netflix, sources said on Friday.

According to the details, the streaming site that challenges the Silver Screen is now facing the challenge of Mossack Fonseca lawyers.

Netflix has moved to shut down a lawsuit from Mossack Fonseca lawyers over a film about the Panama Papers scandal that led to the closure of their firm and criminal charges, arguing the partners’ reputations were long sullied before the film’s release.

The film, The Laundromat, is due to be released on Netflix on Friday in the US.

This film is based on the Panama Papers, which has been hit by controversy.

The cast includes Gary Oldman and Antonio Banderas as Jurgen Mossack and Ramon Fonseca.

Mossack and Fonseca sued Netflix this week alleging that the film portrayed them as ruthless uncaring lawyers who are involved in money laundering, tax evasion, bribery and other criminal conduct and sought a court ruling preventing the film being released.

The organization has decided to bring the streaming site to the forefront of the lawsuit.

In this regard, Mossack Fonseca officials are refusing to comment on the media, saying that the legal battle will only be fought in the court.

Netflix said the film portrayed the pair as being largely oblivious to the ways in which some of the shell entities they have set up are being abused, and it indicts the system for making such enterprises largely, if not entirely, legal.

Netflix argued Mossack and Fonseca had admitted in their own filing that the reputational damage they claimed they might suffer had long since occurred as a result of the media coverage around the 2016 publication of the Panama Papers.