The Kardashian sisters are finally fighting back.
As we told you back in March, Kim Kardashian West, Khloé Kardashian, and Kourtney Kardashian were slapped with a lawsuit filed by hedge fund Hillair Capital Management for allegedly not holding up their end of their Kardashian Beauty deal.
On Wednesday, Kris Jenner‘s gals filed a court doc saying the investment company had no intention of being a part of the cosmetics world, but “planned to make millions of dollars in exploitative loans to a distressed cosmetics company (Boldface) that had licensed the Kardashians’ names and images for use on color cosmetic products.”
Additionally, the reality star sisters argue that any problems would need to be settled in arbitration, per their original contract with Boldface.
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ICYMI: The sisters originally partnered with the company Boldface in 2012 for Khroma Beauty. Unfortunately, Boldface went belly up and that’s when Hillair stepped in with $10 million to help save the newly-named Kardashian Beauty.
The new legal doc continues:
“Rather than take responsibility for its own failings, Hillair filed this frivolous lawsuit, seeking to shift blame to the Kardashians by conjuring up the facially absurd narrative that Hillair, a hedge fund, actually intended to shift gears and go into the cosmetic business.”
It goes on to say that Hillair is “likely to be held liable for hundreds of millions of dollars in damages to the Kardashians” as a result of their “preemptive” lawsuit outside of arbitration.
It’s all about the money, honey!
As a response, Hillair’s attorney tells People:
“It speaks volumes that the Kardashians are seeking to do everything possible to ensure that the legal proceedings are shrouded in the secrecy of arbitration. The errors of fact and misstatements and law in the Kardashians’ filing are too numerous to recount. The agreements on which they rely are simply not at issue in Hillair’s lawsuit, and we are confident that there is no valid basis for the Kardashians to compel arbitration.”
Sheesh.
We’ll keep you updated as the case progresses.
[Image via WENN.]
