Part Owner of $24 Million Loan, Goldman Offers to Help Leibovitz
Published: August 19, 2009
Leibovitz is being sued by Art Capital Group, a New York finance company that lent her the money and now claims she reneged on the deal, which would allow the company to sell the photographs and real estate she had pledged to back the sum. A Goldman spokesman says it has proposed to Art Capital “that we terminate the current loan agreement with their affiliate so that we can work directly with Ms. Leibovitz.” But an Art Capital spokesman denies such a proposal has been made. Goldman isn’t saying how much of Leibovitz’s loan it owns, or whether it would buy out its share or pick up the entire amount, which includes interest and fees. |
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