Celebrity photographer Annie Leibovitz has been accused of failing to pay more than $800,000 (over u00a3500,000) in fees to an investment firm she hired to help her sort out her finances.rnrnrn
Celebrity photographer Annie Leibovitz has been accused of failing to pay more than $800,000 (over £500,000) in fees to an investment firm she hired to help her sort out her finances.
The allegation is contained in a lawsuit filed by Brunswick Capital Partners LP in New York, according to Reuters news agency.
Leibovitz, who is one of the world’s most well known portrait photographers, had reportedly hired the firm to locate investors to help her pay off her debts.
This, in turn, led to private equity firm Colony Capital enabling her to retain rights to more than 100,000 images and one million negatives by becoming the ?sole creditor?, and helping her to market a library of photographs.
In 2009 it emerged that Leibovitz had put up the rights to her photographic archive and the value of her properties as collateral for a £15m loan borrowed from New York firm Art Capital.
At the time it seemed that concentrating on photography was helping to keep her mind off the adverse headlines. ‘I am happy doing exactly what I am doing? I can do this the rest of my life,’ she said.
Leibovitz?s representative in the UK could not be reached for comment at the time of writing.