PHOTOGRAPHER ANNIE LEIBOVITZ IS FACING NEW ACCUSATIONS OF BALKING AT BILLS, LESS THAN A MONTH AFTER SHE STRUCK A DEAL INTENDED TO RESOLVE FINANCIAL PROBLEMS THAT HAD RISKED HER RIGHTS TO SOME OF POP CULTURE'S MOST FAMOUS IMAGES. INVESTMENT FIRM BRUNSWICK CAPITAL PARTNERS LP SAID IN A LAWSUIT FILED RECENTLY THAT LEIBOVITZ OWES MORE THAN $800,000 IN FEES FOR ITS HELP ARRANGING HER RECENT FINANCING AGREEMENT WITH OTHER FIRMS, COLONY CAPITAL LLC. THROUGH A SPOKESPERSON, LEIBOVITZ DECLINED TO COMMENT. NEW YORK- BASED BRUNSWICK SAID IT 'MADE EXHAUSTIVE EFFORTS' TO LINK LEIBOVITZ WITH INVESTORS WHO COULD HELP HER OUT OF A FINANCIAL HOLE THAT HAD THREATENED TO COST HER CONTROL OF HER LIFE'S WORK. LEIBOVITZ HAS PHOTOGRAPHED FIGURES RANGING FROM BRUCE SPRINGSTEEN TO QUEEN ELIZABETH II DURING HER 40 YEAR CAREER. DESIGNATED A 'LIVING LEGEND' BY THE LIBRARY OF CONGRESS, SHE MADE BUT MISMANAGED HER FORTUNE. BY LAST SUMMER, SHE WAS STRUGGLING TO REPAY A $24 MILLION LOAN, WITH HER THREE HISTORIC NEW YORK TOWNHOUSES AND THE COPYRIGHT TO ALL HER PICTURES ON THE LINE. 'AS A RESULT OF ITS DILIGENT EFFORTS, BRUNSWICK CAPITAL SUCCESSFULLY FOUND SEVERAL INTERESTED AND VIABLE INVESTORS', INCLUDING COLONY, ACCORDING TO THE LAWSUIT, FILED IN A MANHATTAN STATE COURT. THE LAWSUIT SEEKS MORE THAN $808,000.
No comments:
Post a Comment