The value of Jessica Simpson is at stake, with the company that markets her name being sued by a New York City brand broker in a multimillion-dollar showdown.
In a lawsuit that does not directly involve the Dukes of Hazzard star – who made news last weekend by announcing her split with husband Nick Lachey – Icon Licensing Group LLC claims it set up a deal for Jessica Simpson Brand Management LLC to be paid $15 million for worldwide rights to the singer-actress’ name to market certain merchandise, including clothing, reports the Associated Press.
Icon, in papers filed in Manhattan’s state Supreme Court, claims it never received its commission and says the JSBM company owes it.
Icon’s court papers say the company entered into an agreement May 9, 2005, with Andrew Kirpalani, owner and manager of JSBM, in which Icon would get a percentage commission if it successfully finalized a sale of Simpson’s name. According to Icon, that deal was completed in June 2005.
The agreement called for Icon to get 10 percent of the amount over the first $10 million after certain credits and discounts were taken out, which meant Icon should have received 10 percent of $1.8 million.
Court papers say that JSBM through Kirpalani, without cause or justification, “directed, instructed, advised and otherwise caused Camuto not to pay the commission to Icon,” despite Camuto’s willingness to do so.
Icon’s lawyer, Robert A. Schachter, old AP: “We don’t know who said what to whom, but somebody caused Icon not to get paid.”
Kirpalani did not return repeated calls to his office for comment.