Hillair Capital Management who put $10 million into Kim, Kourtney and Khloe's makeup line Kardashian Beauty claims the famous siblings breach their contract by refusing to promote the line.
- March 22, 2016
AceShowbiz -
The Kardashian sisters find themselves in the middle of a multi-million dollar lawsuit. Kim Kardashian, Kourtney Kardashian and Khloe Kardashian are sued by Hillair Capital Management over their makeup line Kardashian Beauty.
The Kardashian sisters teamed up with Boldface to launch the makeup line in 2012. According to documents filed Monday, March 21 in L.A., when former distributor Boldface faced financial issues, Hillair agreed to buy the makeup line and put $10 million into the venture.
But Kim, Kourtney and Khloe allegedly refused to promote and support the line and "began courting new potential investors to buy out Hillair's stake." The suit concludes, "In short, the Kardashians wanted a better, more lucrative deal."
Now the investment company sues the famous siblings for more than $180 million for breach of contract, breach of covenant of good faith and fair dealing, breach of fiduciary duty, fraud and deceit, negligent misrepresentation and promissory estoppel. The company also wants the $10 million they put as invested funds back.
The Kardashians have not responded to the lawsuit.
