Maxim Owners Sue Over Botched Deal

By Chris O'Shea Comment

Alpha Media Group — parent company of Maxim — is suing Darden Media Group for botching a deal to purchase the magazine. The New York Post reports that Alpha filed a suit in Manhattan Supreme Court yesterday seeking $38 million from Darden Media.

The filing claims that Alpha had meetings with both Calvin Darden and Calvin Darden Jr. and that Darden signed as guarantor, with a Merrill Lynch adviser — Roderick Jones — penning a letter that vouched for Darden’s ability to pay. Jones told the Post that he couldn’t recall if he wrote the letter or not.

Darden Jr., meanwhile, has his own issues. He was arrested last week on claims that he scammed investors out of $8 million by impersonating his father.

Not exactly a good week for the Darden family.