Eva Longoria Sued By Former Vegas Nightclub Partner

In Legal News, Trial by FASHIONENTLAW™

“While Gabrielle Solis may never have had money troubles, Eva Longoria, star of the ABC hit show Desperate Housewives, certainly does.

Eva Longoria is being sued by an investor in her nightclub Beso for violating California usury law, according to ABC News. Mali Nachum, a former partner of Beso, claims that the terms of Eva Longoria’s repayment for her $1 million investment violate California usury law.

Eva Longoria invested the money with terms of yearly repayment of 8%. In addition, Eva Longoria was given a 23.3 percent stake in the company, MSNBC.com reports. Mali Nachum and investor Jonas Lawrence both reduced their share in the company in order to accommodate Eva Longoria’s share.

Any interest rate greater than 12% is considered an unlawful interest rate, according to FindLaw. An unlawful interest rate is known by the term usury. Usury is an unconscionable and exorbitant rate or amount of interest which exceeds those permitted by state law. Nachum claims that the Desperate Housewives star is not legally entitled to 8% plus the 23.33% in the company. Mali Nachum is suing for at least $4 million in damages. The lawsuit was filed in Los Angeles County Superior Court this past Monday.” ~FindLaw has the full story

Advertisement

Fashionentlaw™ is the brainchild of Uduak Oduok (Ms. Uduak), an ex-fashion model and industry veteran turned Fashion and Entertainment lawyer. The law blog discusses hot topics in pop culture arising primarily out of the fashion industry.

As a legal practitioner, Ms. Uduak has seventeen years of experience counseling individuals and businesses within and outside the creative community. She has counseled designers, apparel manufacturers, models, photographers, retailers, graphic designers, musicians, public relations specialists, and athletes, among others, on diverse legal issues including business formation, licensing, trademark and copyright matters, contracts, intellectual property and contract disputes.

To arrange a consultation to discuss your case, contact her today at 916-361-6506 or email (uduak@ebitulawgrp.com).

Full bio: Ms. Uduak Bio/
Twitter @uduaklaw