Nicky Hilton sues ex-business partner for $5 mn
Los Angeles: American model Nicky Hilton has sued her former clothing line partners, Asher Group for $5 million, saying it was responsible for the failure of a high-end fashion venture that she undertook.
The sister of 31-year-old socialite Paris Hilton, Nicky signed a deal with Eliyahu Cohen and the Asher Group to launch Nicky Hilton Worldwide in 2006 and market top style products under her name, reports femalefirst.co.in.
She claimes they promised to provide $4.9 million in financing for the operation and pay her a guaranteed annual salary of $250,000 plus a 10 percent increase each year.
But in a lawsuit filed here in County Superior Court, Nicky said the Asher Group failed to secure the $4.9 million.
Nicky said Asher Group spent $9,000 per month on a personal assistant who "spent most of her time running personal errands for Asher and other tasks unrelated to NHW business".
She claimed Asher and Cohen`s irresponsible conduct caused her company to not do well, leaving Nicky to clean up the mess.
Now, she is demanding at least $5 million in damages.