Tuesday, January 11, 2011

Eva Longoria :: Busy in Business debt

The  Desperate Housewives star actress has been sued by an investor who alleges that the interest payments Longoria has been receiving since pumping $1 million into her Beso restaurant-and-nightclub enterprise violated California lending law.
Beso partner Mali Nachum states that Longoria contracted to invest $1 million of her own money into the restaurant-nightclub business in return for yearly interest payments of 8 percent and a 23.33 percent stake in the company, while Nachum and fellow investor Jonas Lawrence's owners' equity in Beso would reflect Eva's heightened share.
However,last month Nachum states that he discovered this loan agreement violated state usury law i.e.,eva wasn't legally entitled to 8 percent plus the 23.33 percent—and demanded that Beso LLC bring action against her to return whatever interest she had received so far, estimated at $4.6 million.
Nachum is demanding at least $4 million in general damages, plus legal fees and the cancellation of any further interest payments to Longoria based on the original agreement.


A for the Desperate Housewives star Said 
"This is a desperate reaction in a lawsuit without merit by prior partners who, through their unauthorized and fraudulent actions, required Eva Longoria to seek reorganization protection through bankruptcy court in Nevada," .

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