The ruling does not put a number on what Corcoran owes, but representatives for Chance say he is likely to forfeit up to $1.5 million in management fees.
Pipeline is the $200 million-backed financing platform for the music and creative industries that launched in January through Matt Spetzler's investment firm Jamen Capital.
The Tribunal had approved changes to its cinema tariff, known as Tariff C, including an increase in the royalty rate cinemas pay to use its members' music.