Lawyers corset style bra greed holding up $40M charitable donation:suit
ShutterstockMore On:lawsuitsEx-Apollo Global exec womens bikinis sale charged with defrauding investors out of $290KFugitive Nigerian playboy’s yacht spotted at marina in MexicoExec is accused of violating every HR policy everSumner Redstones ex wont be getting his NYC penthouseA lawyer is trying to siphon a $22 million fee from a $40 million gift to elder-care charities made by a late Hollywood talent scout and her husband, the Manhattan philanthropist’s foundation charges in a new lawsuit.
The Irene Diamond Fund — established suit underwear by the late Irene and Aaron Diamond — wants to give $40 million to programs for the aging.
But the money is tied up in a Roosevelt Island Mitchell-Lama building in which Aaron was an investor, the suit says.
Now lawyer David Hirschhorn, who controls a significant stake in the real estate, is refusing to sign over his rights, which would allow the sale, without a 55 percent fee, the suit says.
As a managing general partner who owns a minority share of the 361-unit building, Hirschhorn would normally be entitled to a 20 percent cut of the sale of those shares, the suit says.
But in 2012, he allegedly struck a “self-interested” deal to increase his stake to 55 percent.
Robert Boller, attorney for Hirschhorn, said, “We look forward to having our day in court and the dismissal of this baseless suit.”