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Kate Jackson Sues Farrah Fawcett's Former Business Manager

May 12, 2010 03:40:42 GMT

Claiming she has suffered 'financial ruin', Kate Jackson is seeking for more than $3 million from Richard B. Francis in a lawsuit filed at Los Angeles County Superior Court.


Kate Jackson
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Photo credit: Jody Cortes/WENN

"Charlie's Angels" actress Kate Jackson has filed suit against Farrah Fawcett's former business manager - alleging her late co-star's money expert has left her in "financial ruin". The 61 year old claims Richard B. Francis used Jackson's "extremely close relationship" with Fawcett to land her friend as a client, but let her down on a series of key issues.

Jackson alleges Francis made incorrect estimates about her fortune, claiming she was worth $5.4 million when the actual figure was closer to $3 million. She also claims he urged her to buy an over-priced house in California which she couldn't afford.

Jackson is suing for more than $3 million, with the lawsuit, filed at Los Angeles County Superior Court, alleging she "suffered financial ruin at the hands of the very person she entrusted with her finances," according to TMZ.com. But Francis tells the website, "This case will end at the deposition stage. It will never go to court."


 




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