Reality personality Bethenny Frankel bragged about being worth $120 million now she has to put her money where her mouth is. She’s being sued by ex-managers over alleged double dealing involving her Skinnygirl cocktail brand.
Raw Talent, a Los Angeles management company filed suit in L.A. Superior Court, according to the Hollywood Reporter.
Raw co-president Doug Wald alleges he helped introduce Frankel to some APA agents that specialize in repping reality stars, sometime in 2008.
Frankel signed with APA in August of that year, and agreed “orally” to retain Wald as her personal manager.
As part of the deal, she also allegedly agreed to pay Raw 10 percent of her earnings and he reportedly has the email to prove it.
Frankel was particularly interested in cashing in on her Skinnygirl cocktail brand and allegedly enlisted Wald to help her.
“She expressly represented that any agreement relating to the exploitation of the Skinnygirl Cocktail Brand would be commissionable under their management agreement,” the complaint states.
Liquor industry veteran David Kanbar, allegedly put together a business plan to buy the brand and use Frankel’s celebrity status to help market it
The goal was to sell the brand in two years.
Days before signing the deal, which Wald claims he helped put together, Frankel fired him.
Frankel and Kanbar allegedly sold the company in March in what The Hollywood Reporter called a $120 million deal.
Raw Talent now says it’s owed 10 percent of that deal, or an estimated $12 million, plus $100 million in punitive damages.
Frankel recently bragged that she had parlayed her reality career into a $120 million fortune, although fellow NY Housewife Ramona Singer publicly pooh-poohed the claim.