The three Kardashian sisters are being sued by Hillair Capital Management, 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.
Kim, Khloe and Kourtney Kardashian have reportedly been slapped with a $180 million lawsuit by a former investor in their beauty line, nearly two years after they settled another major lawsuit over the same ill-fated venture.
According to court documents obtained by Radar Online, the three Kardashian sisters are being sued by Hillair Capital Management, 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.
According to documents filed on March 22 in Los Angeles, Hillair "agreed to put up millions of dollars to help the Kardashians salvage their struggling ‘Kardashian Beauty’ makeup line" in July 2014, "after former distributor, Boldface, went belly up amidst legal and financial troubles."
"The essence of the parties’ bargain was that Hillair would put up millions of dollars to fund the continued distribution of the Kardashians’ line, and the Kardashians would continue to be the faces of the line, and actively promote, market and support the line …" the documents stated.
But Hillair Capital Management claims, "But while Hillair upheld its end of the bargain, the Kardashians did not… The Kardashians immediately stopped marketing, promoting, and supporting the line and began courting new potential investors to buy out Hillair’s stake. In short, the Kardashians wanted a better, more lucrative deal …"
The company now claims they have "suffered significant damages." They want a jury trial plus damages including at least the $10,170,000 in invested funds they say they’ve lost, plus the value of their equity interest in the line, worth "between $64 million and $180 million."
This is just one of the numerous lawsuits the TV family is getting recently. In November , Kris Jenner was sued by the Kung Fu Factory which claimed it was contacted through a rep for the Kardashians in 2011,to create a Kardashian-themed videogame but after presenting a proposal for the game to Kris' rep, nothing was heard untill Kim's video game was launched in 2014.