Annie Leibovitz Sued Over Loan Payments

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

NEW YORK Annie Leibovitz and her studio have been sued by Art Capital Group, a financial services company that loaned Leibovitz $24 million last year. The suit claims Leibovitz isn’t paying back the loan and isn’t giving Art Capital access to her collateral — which includes her two houses and her photo archive. Her archive alone is estimated to be worth more than the loan.

The suit, filed Wednesday in New York State Supreme Court, New York County, seeks a court order requiring Leibovitz to comply with the terms of the loan, plus unspecified fees and damages.

Reached

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in