Images upside down sounds like divx/xvid.
Premiere does not like those.
Letus inverts. Redrock doesn't.
Please tell us all about these files. If necessary, use G-Spot to gather them. At that time, tell us about your Sequence/Project Preset.
Next, do you have a Matrox, an AJA, or BlackMagic Capture card? Probably, it would be helpful to get the full details on your system.
Last, and I have to ask, based on similar issues in another forum, you didn't mount your camera upside down and record, did you?