After hearing the news that she landed an obscene chunk of change for the sale of her SkinnyGirl margarita venture on the season finale of “Bethenny Ever After,” Bethenny Frankel reacted with both cheers and fears. “Mo money, mo problems,” she said nervously to the cameras. Mo problems is right.
Frankel’s ex-manager, Doug Wald, sued the reality TV/liquor entrepreneur in L.A. Superior Court on Wednesday, claiming that his agency, Raw Talent, helped the then “Real Housewives of New York City” star by introducing her to APA agents and by arranging the eventual $120 million dollar deal she made with her SkinnyGirl cocktail brand.
According to The Hollywood Reporter, the official complaint states that Frankel signed with APA in August 2008 and told Wald that he would stay on as her personal manager and receive a 10% cut of all of her earnings. She allegedly sent him an email a day later confirming this agreement.
“She expressly represented that any agreement relating to the exploitation of the Skinnygirl Cocktail Brand would be commissionable under their management agreement,” Wald stated on the record.
He claims he introduced Frankel to liquor industry expert David Kanbar, who helped design a business plan for the reality star to market her SkinnyGirl brand and sell it off to a company. However, he says that days before she was to sign the papers to launch the development of her product, she fired him.
Raw Talent is not only suing Frankel for 10% of the $120 million liquor deal, but it’s also demanding an additional $100 million—just to make an example out of her.