First, let's get this straight: CONSPIRACY is a straightforward, modern-day remake of the Spencer Tracy classic, BAD DAY AT BLACK ROCK. Val Kilmer takes on the Tracy role, playing an outsider who arrivals in a small town to track down his missing friend. Turns out that everybody knows something, but nobody's saying anything.
I liked this film for the most part because it avoids clichés and it doesn't rely on cheesy action to propel the storyline. After the prologue, the first hour or so is engaging and suspenseful, building up a level of intrigue that most B-movies rarely attempt. There's an air of mystery hanging over the whole production and you actively want to find out what's going on.
Gradually, the story does fizzle out a bit as it progresses, and the last half hour resorts to the usual clichés: massive shoot-outs, showdowns in the desert, bad guys getting just deserts, and so on. The cast members are adequate for this production; Kilmer is at least trying as the former soldier suffering from PTSD, while Gary Cole can do this sinister villain stuff in his sleep by now.
The biggest disappointment is from Adam Marcus, the director. This is a guy who worked once since 1993's JASON GOES TO HELL, and his lack of experience shows. The dialogue scenes are passable, but the action sequences are hellishly bad. It appears they ran out of money for stunts or decent choreography because the action is all over the place and a real mess, sapping enjoyment at the showdown which should be a bit of glorious vengeance. Still, CONSPIRACY gets a lot of kudos from me for the first hour...