Thursday, July 30, 2009

Annie Liebovitz sued

NEW YORK (AP) — 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 said Leibovitz, who has a house in Rhinebeck, 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, said that in return Leibovitz granted Art Capital the right to sell all of her photographs, plus her homes in Manhattan and Rhinebeck.

Art Capital Group was described by The New York Times as, well, a "pawnshop."