Sunday, April 25, 2010

Firm seeks fees for helping Annie Liebovitz avoid Bankruptcy

I would say that this is the definition of irony, the firm you hire to keep you out of bankruptcy then sues you into default to pay for their original services. Shouldn't those fees have been rolled into the original amount, much like Mortgage closing costs? I'm sure that thought entered Annie Leibovitz's mind when she got the bill from Brunswick Capital Partners. They want around $800,000 in fees for helping Leibovitz raise about $40 million from investors.

(via the NY Times)