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Leibovitz in loan row - Loan company file a suit against famous photographer.
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Jargon Buster: OffFamous photographer, Annie Leibovitz is being sued by Art Capital Group (ACG) over the $24m loan she arranged earlier in the year.
In February, ePHOTOzine reported that Leibovitz had given up the rights to all her photographs and property for the loan in order to arrange her finances. Now ACG are asking a US judge to get Leibovitz to allow them entry to her houses in New York so they can be sold. The suit, which cites breach of contract, also asks for her co-operation in selling off her copyrights to help the repayment.
According to the BBC, the original loan of $22m was extended to $24m but her spokesperson said in a statement: “There has been tension and dispute since the beginning. For now her attention remains on her photography and on continuing to organise her finances.”
According to Reuters, Leibovitz's spokesman said that the lawsuit "is part of Art Capital's continued harassment and attention-getting efforts."
Leibovitz has photographed many famous faces throughout her 39 year career including arguably one of her most famous – the nude and pregnant Demi Moore, for the cover of Vanity Fair magazine.
In February, ePHOTOzine reported that Leibovitz had given up the rights to all her photographs and property for the loan in order to arrange her finances. Now ACG are asking a US judge to get Leibovitz to allow them entry to her houses in New York so they can be sold. The suit, which cites breach of contract, also asks for her co-operation in selling off her copyrights to help the repayment.
According to the BBC, the original loan of $22m was extended to $24m but her spokesperson said in a statement: “There has been tension and dispute since the beginning. For now her attention remains on her photography and on continuing to organise her finances.”
According to Reuters, Leibovitz's spokesman said that the lawsuit "is part of Art Capital's continued harassment and attention-getting efforts."
Leibovitz has photographed many famous faces throughout her 39 year career including arguably one of her most famous – the nude and pregnant Demi Moore, for the cover of Vanity Fair magazine.
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A shame, but then again one as to wonder how much relates to SUSAN medical and other expenses in the STATES where their is no government MEDICAL HELP.
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