A New York judge dismissed the suit on Wednesday, saying that no matter how much the late Bernstein may have been responsible for the concert taking place, the company has no claim to the master tapes.
The judge said the contract signed in 1965 “reserves no rights whatsoever for Bernstein in any filming or recording of the concert.”
In its original motion to have the lawsuit dismissed, lawyers for Apple Corps and Subafilms Limited -- the company that was granted a copyright on the footage in 1988 -- claimed Bernstein had no creative control over, nor input into, the filming of the show or the production of the 1966 movie, "The Beatles at Shea Stadium."
In addition, a legal memo filed with the court says the contract between Bernstein and Apple Corps' predecessor company, Nems Enterprises, granted Nems the sole right to film the show and to any receipts from the movie.
Bernstein's company had argued that, "[w]ithout Sid, the mastermind of the event, this film would never have been made."
The judge refuted the company's claims on multiple grounds, including a preexisting contract with Nems Enterprises, as well as statute of limitations issues.
An attorney for Sid Bernstein Presents said he believes there may be grounds for an appeal, but the company has not announced any further legal action at this time.