Brunswick Capital Sues Annie Leibovitz Over Unpaid Fees: $800,000

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Brunswick Capital Sues Annie Leibovitz Over Unpaid Fees: $800,000

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Brunswick Capital Partners LP has sued Annie Leibovitz for more than $803,000 over unpaid fees. She hired the company last year to help get her out of debt.

According to the lawsuit, the 60-year-old Leibovitz owes the investment firm a finder’s fee for making “exhaustive efforts” to secure a financing deal in March with Colony Capital, a private equity firm in Santa Monica, California.

Leibovitz’s Finances to be Resolved by $40 million Colony Loan

Colony is loaning the celebrity photographer more than $40 million and she is to pay a 2% “success fee” to Brunswick, plus more than $315,000 for its services.

On top of that, the lawsuit accuses Leibovitz of not paying a weekly $10,000 fee to retain Brunswick’s services.

Leibovitz Past Debts Threaten Photography Career

This loan is to help resolve her debts after she violated the terms of a $24 million loan from Art Capital Group, which threatened to seize her life’s work and 2 New York properties.

Leibovitz has photographed such celebrities as Queen Elizabeth II, Demi Moore, John Lennon with Yoko Ono, and most recently took the Obama family portrait.

In September, Art Capital reached a settlement with Leibovitz that allowed her to keep her estimated 100,000 photographs and 1 million negatives, as well as her homes, which have an estimated worth of $80 million.

The State of New York has also given her a bill for unpaid taxes.