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Annie Leibovitz $24 Million Loan Leads To Breach Of Contract Lawsuit

July 31st, 2009 by Castina

Tagged as: Popular Culture

An art finance company that lent celebrity photographer Annie Leibovitz $24 million against the value of her entire collection and her properties due to her “dire financial condition” has sued her for violating the terms of the agreement, The NY Daily News is reporting.
annie-leibovitz-24-million-loan

An acclaimed shutterbug, Annie Leibovitz, 59, has draw praise for her still images of First Lady Michelle Obama, Queen Elizabeth, and a very pregnant Demi Moore in the nude.

In a lawsuit filed in New York State Supreme Court on Wednesday, Art Capital Group Inc asked a judge to compel Leibovitz to to sell her copyrights and organize the sale of her properties so that she may pay back the loan.




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