Tuesday, March 22, 2016

The Kardashian sisters sued for $180million over breach of contract by investment firm

Beauty line: Kim, Khloe and Kourtney Kardashian, shown in March 2014 in Florida, were sued on Monday by an investment firm over their ill-fated Kardashian Beauty beauty line
The Kardashian sisters were sued on Monday by an investment firm seeking more than $180 million over their ill-fated beauty line. Kourtney, Kim and Khloe Kardashian were named as defendants in the civil lawsuit filed by Hillair Capital Management in Los Angeles, according to an article by TMZ.


Hillair accused the reality stars of breach of contract, fraud and deceit after investing more than $10 million to salvage their struggling Kardashian Beauty makeup line.

The sisters in April 2014 settled a different copyright infringement lawsuit over the beauty line.

They were sued along with Boldface Licensing and Branding over their Khroma Beauty makeup line by Lee Tillett who founded Florida-based Kroma Makeup in 2004. Boldface rebranded the makeup line as Kardashian Beauty shortly after Tillett filed her lawsuit in June 2012.

Hillair in court documents said it agreed to invest in the Kardashian Beauty makeup line in July 2014 'after former distributor, Boldface, went belly up amidst legal and financial troubles'.



Realiy star: Kim is shown promoting Kardashian Beauty in April 2015 in Paris

Hillair claimed that it 'suffered significant damages' due to the Kardashians.
The investment company was seeking a jury trial.

Hillair also was pursuing damages that include the $10 million already invested plus the value of their equity interest in the makeup line that was estimated 'between $64 million and $180 million'.
Lucrative line: The lawsuit valued Hillair's equity interest the beauty line in the $64 million to $180 million range

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