A top chef has accused his longtime business partner of improperly funneling millions of dollars into side projects, including the revival of Williamsburg’s Kellogg’s Diner.Julian Medina says that Luis Skibar, who owns a fast-growing empire of Mexican-style eateries with Medina, has “unlawfully and systematically diverted, converted, concealed and misappropriated” funds for years, according to a lawsuit filed Monday in Manhattan state Supreme Court.Medina is seeking damages of at least $10 million in the suit, which concerns outposts such as the popular Toloache chain on the Upper West and Upper East sides, Old John’s Luncheonette near Lincoln Center and Coppellia on West 14th Street.But the suit, which focuses on the precise stakes Skibar holds in jointly-controlled locations, is not expected to affect the operation of the restaurants, which have contributed to a wave of places offering haute Mexican cuisine in the post-pandemic era.“This is a fight between partners over profits,” said Robert Calica, a co-managing partner of the Long Island-based firm Rosenberg, Calica, Birney, Liebman & Ross and Medina’s counsel in the lawsuit. “We are hopeful that common sense will prevail.”Calica added that the legal action was necessary because Skibar has stonewalled efforts to share accounting information.Skibar downplayed to Crain’s the lawsuit’s significance while suggesting it could soon be settled. “There was a misunderstanding,” he said. A formal legal response to the... Continue reading at 'Crains New York'
[ Crains New York | 2024-10-15 17:41:30 UTC ]
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Marty Peretz, the editor-in-chief of The New Republic of the past 37 years, is stepping down and taking the title of "editor-in-chief emeritus." Editor Richard Just takes over as editor-in-chief. Perezt, who wrote a blog called The Spine, will continue to write a column for TheNewRepublic.com. Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-27 00:00:00 UTC ]
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