According to the suit, there was a verbal deal struck after the first pitch meeting on the film last spring in which Neal Moritz was supposed to get $2 million in fixed compensation against 6% first dollar gross participation (basically a percentage of the film’s gross after it reaches the point where his $2 million is 6% of the film’s gross profits).
The participation pool was supposedly much worse on the new deal proposed, and after some back and forth, they arrived at today’s move of Neal Moritz suing Universal over Hobbs and Shaw.