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The Kardashian sisters slammed with $180m lawsuit

2016-03-22 16:00
 

Los Angeles - Kim, Khloe and Kourtney Kardashian are being sued for more than $180m.

The sisters have reportedly been hit with a lawsuit from investment firm Hillair Capital Management over their cosmetics line, Kardashian Beauty, according to court documents obtained by Radar Online.

Hillair is said to be suing the trio for breach of contract, fraud, deceit and negligent misrepresentation after the company agreed to invest more than $10m to try to save the siblings' "struggling" beauty line in July 2014.

Kim, Khloe and Kourtney settled a lawsuit involving former distributor Boldface Licensing and Branding in April 2014 over their Khroma Beauty line, which was rebranded as Kardashian Beauty after Florida-based Kroma Makeup founder Lee Tillett initially filed the lawsuit in 2012.

The court documents for Hillair's latest lawsuit claim that the investment firm "agreed to put up millions of dollars to help the Kardashians salvage their struggling Kardashian Beauty makeup line" in July 2014 "after former distributor, Boldface, went belly up amidst legal and financial troubles.

"The essence of the parties' bargain was that Hillair would put up millions of dollars to fund the continued distribution of the Kardashians' line, and the Kardashians would continue to be the faces of the line, and actively promote, market and support the line."

The company claims it upheld its "part of the bargain" but the Kardashian sisters "immediately stopped marketing, promoting, and supporting the line and began courting new potential investors to buy out Hillair's stake".

As a result, Hillair wants the $10.1m they invested back as well as what the company estimates they would have made, "between $64m and $180m".

 

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