Why is Annie Leibovitz being sued for breach of contract?
Font Size Font Increase Font Decrease HOME | NEWS PEOPLE Annie Leibovitz Sued for Breach of Contract After $24 Million Loan Published: July 31, 2009 Print Email © Patrick McMullan Photography Annie Leibovitz at the International Center of Photography’s Infinity Awards in May, where she was honored with a lifetime achievement award Your Views Send a letter to the Editor Share Del.icio.usSave to Del.icio.us DiggDigg this Annie Leibovitz is being sued by a New York finance company that lent her $24 million and now claims she reneged on the deal, which was prompted by the celebrity photographer’s severe financial problems. Beset by tax liens, mortgages, and unpaid bills, Leibovitz approached Art Capital Group last year for the loan, using as collateral her artworks, photography archives, and real estate in Greenwich Village and Rhinebeck, N.Y., the legal complaint says. Included were every photo she’s taken, such as her widely shown images of John Lennon, John Belushi, and a pregnant and n
NEW YORK — A New York finance company that lent celebrity photographer Annie Leibovitz $24 million has filed a lawsuit charging that she reneged on the deal. Manhattan-based Art Capital Group says Leibovitz borrowed the money last year because she was in dire financial straits due to unpaid bills, mortgage payments and tax liens. The breach of contract lawsuit, filed Wednesday in Manhattan state Supreme Court, says that in return Leibovitz granted Art Capital the right to sell all of her photographs, plus her homes in Manhattan and upstate New York. The lawsuit says Leibovitz and her associates are now trying to ignore their obligations. A spokesman for Leibovitz denies the allegations.
A New York finance company that lent celebrity photographer Annie Leibovitz $24 million has filed a lawsuit charging that she reneged on the deal. Manhattan-based Art Capital Group says Leibovitz borrowed the money last year because she was in dire financial straits due to unpaid bills, mortgage payments and tax liens. The breach of contract lawsuit, filed Wednesday in Manhattan state Supreme Court, says that in return Leibovitz granted Art Capital the right to sell all of her photographs, plus her homes in Manhattan and upstate New York. The lawsuit says Leibovitz and her associates are now trying to ignore their obligations. A spokesman for Leibovitz denies the allegations.
Font Size Font Increase Font Decrease HOME | NEWS PEOPLE Annie Leibovitz Sued for Breach of Contract After $24 Million Loan Published: July 31, 2009 Print Email © Patrick McMullan Photography Annie Leibovitz at the International Center of Photography’s Infinity Awards in May, where she was honored with a lifetime achievement award Your Views Send a letter to the Editor Share Del.icio.usSave to Del.icio.us DiggDigg this Annie Leibovitz is being sued by a New York finance company that lent her $24 million and now claims she reneged on the deal, which was prompted by the celebrity photographer’s severe financial problems. Beset by tax liens, mortgages, and unpaid bills, Leibovitz approached Art Capital Group last year for the loan, using as collateral her artworks, photography archives, and real estate in Greenwich Village and Rhinebeck, N.Y., the legal complaint says. Included were every photo she’s taken, such as her widely shown images of John Lennon, John Belushi, and a pregnant and n
NEW YORK — A New York finance company that lent celebrity photographer Annie Leibovitz $24 million has filed a lawsuit charging that she reneged on the deal. Manhattan-based Art Capital Group says Leibovitz borrowed the money last year because she was in dire financial straits due to unpaid bills, mortgage payments and tax liens. The breach of contract lawsuit, filed Wednesday in Manhattan state Supreme Court, says that in return Leibovitz granted Art Capital the right to sell all of her photographs, plus her homes in Manhattan and upstate New York. The lawsuit says Leibovitz and her associates are now trying to ignore their obligations. A spokesman for Leibovitz denies the allegations. Matthew Hiltzik says the suit is part of Art Capital’s “continued harassment.” Sources: http://www.turnto23.com/entertainment/20235322/detail.
