Eva Longoria Sued By Former Vegas Nightclub Partner

In Legal News, Trial by FASHIONENTLAW™

No Gravatar

“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

WHAT IS Fashionentlaw™: It is a law blog discussing hot topics in pop culture that arise primarily out of the fashion industry and intersects/ collides with the law.

WHAT I DO: My name is Uduak Oduok and I am a California licensed attorney who helps creatives and business owners sleep better at night by protecting their creativity and reputation, securing their rights, and helping them with the monetization of their intellectual assets.

WHO I WORK WITH: I have counseled a range of clients from musicians, models, actors, actresses, and designers, to diverse business owners in numerous areas of the law including contracts, business law, fashion and entertainment law, copyright, trademark, and intellectual property law. I bring over two decades of first-hand knowledge and experiences that are as diverse as they are deep in the fashion and entertainment industries (modeling, retail, production, public relations, journalism, and publishing). I am an attorney who “gets it” when it comes to resolving legal issues for the fashion and entertainment industries.

INTERESTED IN TALKING TO ME ABOUT LEGAL REPRESENTATION? To arrange a consultation to discuss your case, contact me today at 916-361-6506 or email me directly at (uduak@ebitulawgrp.com).

Full bio: Ms. Uduak Bio/
Twitter @uduaklaw