JUDGE RULES IN BARKIN'S FAVOUR IN BREACH OF CONTRACT CASE
JUDGE RULES IN BARKIN'S FAVOUR IN BREACH OF CONTRACT CASE
Date: Jan. 8, 2010 | Category: Movie News

Actress Ellen Barkin has won a $4.4 million (£2.75 million) pay out from her ex-husband RON PERELMAN after she accused him of reneging on a promise to invest in her production company.

The Ocean's Thirteen star, 55, launched Applehead Pictures with her brother, George Barkin, in November 2005 and Perelman, the chairman of cosmetics giant Revlon Inc., agreed to make four investments per year in 2006 and 2007 to his then-wife's company.

The couple split in 2006 and Perelman's payments ceased, prompting Barkin to file suit for breach of contract in 2007.

Under the terms of their agreement, billionaire Perelman was expected to pour a total of $3.4 million (£2.13 million) into the firm.

New York State Supreme Court Justice Debra James ruled in Barkin's favour on 21 December (09) and made the decision public on Friday (08Jan10).

James ordered Perelman to hand over the $3.4 million (£2.13 million) investment plus nine per cent interest dating to 1 January, 2007, amounting to more than $900,000 (£562,500).

Perelman countersued the Barkin siblings in response to the 2007 lawsuit, accusing the pair of misappropriating funds to finance the launch of another company.

That legal action continues.

COPYRIGHT 2010 WORLD ENTERTAINMENT NEWS NETWORK LTD. All Global Rights Reserved.
Premiere's Movie News
Death Race Aiming for #1
Posted: Aug. 22, 2008
Now that we've entered the dog days of summer, Hollywood's revving box-office engine inevitably shifts...
James Franco as Jack Ryan?
Posted: Aug. 19, 2008
Admitting that this is so far up the rumor spout it might never come out, CHUD claims a mysterious source...
Robert Downey Jr.'s Bad-Ass Sherlock Holmes
Posted: Aug. 18, 2008
At the Tropic Thunder junket, Robert Downey Jr. strolled into a Four Seasons hotel suite dressed in...
Jolie Replaces Tom Cruise?!
Posted: Aug. 12, 2008
All (sex)-change! Long-time Tom Cruise vehicle Edwin A. Salt is drastically changing tack, with...
Knight 4th Week at #1
Posted: Aug. 12, 2008
Fending off the stiff stoner challenge of Pineapple Express, The Dark Knight made it four weeks at the...
Popular Searches