Perelman Sues Ex-Wife Barkin, Claiming She Took Funds

November 29, 2007 6:55 pm

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Billionaire Ronald Perelman sued his ex-wife, actress Ellen Barkin, and her company, Applehead Pictures LLC, saying she misappropriated funds to finance personal expenses, including a lawsuit she filed against him.Barkin, 53, who starred in “Ocean’s Thirteen” and “The Big Easy,” sued Perelman in August, saying he reneged on a promise during the couple’s marriage to invest $3.4 million in her production company.

The couple’s five-year marriage came to an end last year. The actress founded New York-based Applehead with her brother, George Barkin, in November 2005, according to Barkin’s Aug. 1 complaint. Perelman claimed in his suit filed yesterday in New York state court in Manhattan that Barkin and her brother misappropriated company funds for their own use.

Barkin used Applehead funds or credit to pay “for items of a purely personal nature,” Perelman said in his complaint.

The actress said in her suit that while she was married to Perelman, 64, Revlon Inc.’s chairman, he signed an agreement to make four capital contributions a year to Applehead in 2006 and 2007. He signed an amended agreement in February 2006, she said.

read the rest published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=auI2p_p4cgtg

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