Kardashian Sisters Face $180M Lawsuit over Beauty Line
The ever so business savvy Kardashian sisters are facing a lawsuit over their Kardashian Beauty Line. Filed on March 21 at the Superior Court of California, Hillair Capital Management alleges that the Kardashians did not fulfill their end of the contract. According to the complaint, the Kardashians and Hillair entered into an agreement on July 2014, in which Hillair agreed “to put up millions of dollars to help the Kardashians salvage their struggling Kardashian Beauty makeup line, after the former distributor Boldface” underwent legal and financial troubles.
Hillair alleges that the Kardashians did not promote, market, and support the line. The complaint lists three examples: (1) the introduction of Kim KW celebrity-endorsed lipstick announced in March 2016 with makeup line Charlotte Tilbury; (2) Khloe’s cancelled appearance for Beauty World exhibition in May 2015, held in Dubai; and (3) the failure of the Kardashians to provide a letter to CVS stating their continued support of the makeup line.
Hillair seeks monetary and punitive damages for (1) breach of contract; (2) breach of covenant of good faith and fair dealing; (3) breach of fiduciary duty; (4) fraud/deceit, (5) negligent misrepresentation, and (5) promissory estoppel.
In a statement to Entertainment Tonight, Attorney Michael Krump for the Kardashians asserts:
This complaint is an obvious attempt to create leverage by hedge fund operators who took over the Kardashians’ cosmetics brand. The Kardashians have suffered enormous damages as a result of the many failures and breaches created by the operator’s mismanagement of the company. The lawsuit is a disgrace. It is a jumble of false accusations which will be exposed as lies.