Tuesday, April 6, 2010

Annie Leibovitz Sued Again

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Celebrity shutterbug Annie Leibovitz has been sued by Brunswick Capital Partners over more than $800,000 in fees, according to Bloomberg News and Daily News. The suit stems from Leibovitz recent financing deal with Colony Capital, a  firm that has also invested billions in a bankrupt Las Vegas casino company.

According to articles, Leibovitz borrowed $40 million from Colony. She had originally borrowed $24 million from Art Capital Group. Given that her Conde Nast contract reportedly pays her $2 million a year, it’s a mystery how she plans to get out of this financial pickle. She should probably start tuning into the Suze Orman show, especially the segment called “Can I Afford It?”

Leibovitz could probably use income from art sales, but no mention of an upcoming show on her dealer James Danziger’s website.



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Posted by Lindsay Pollock
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