Susan Sarandon and her former business manager have settled the actress’ lawsuit alleging the defendant recommended she invest in a series of real estate partnerships without disclosing that he had a conflict of interest.
Lawyers for the 69-year-old Sarandon filed court papers on June 8 with
Los Angeles Superior Court Judge Holly Kendig stating that the Oscar winner’s
lawsuit against Richard Francis and his company, Francis & Nachshon, LLP, was
resolved. No terms were divulged.
The complaint was filed in June 2014 and the allegations included
negligence and that Francis put his interests ahead of those of Sarandon.
The suit alleged that Francis placed most of Sarandon’s assets into real
estate partnerships in which he had control and a financial interest.
Sarandon further alleged that Francis convinced her to invest in his real
estate ventures without telling her that he needed capital to fund the
acquisition of the properties.
Sarandon’s investments earned Francis millions of dollars, the suit
alleged.
Sarandon said she was not aware of any potential conflict of interest by
Francis until after she stopped using Francis’ services in 2013.
She later learned that if she were to sell the partnership interests,she would have to do so at a rate substantially below market value, the suit
alleged.
Sarandon won the best actress Academy Award for the 1995 film “Dead Man
Walking.”
Susan Sarandon and former business manager have settled the actress’ lawsuit

(Video) Los Angeles County Supervisor from the 2nd district, Holly J. Mitchel, Gives a Powerful Speech
Supervisor Mitchell Called on Residents to take action at the rally for Ambrocio “Enrique” Lozano in Culver City.
Top Military Commander Urges Return of Troops Deployed to ICE Protest Response
General Requests 200 National Guard Soldiers Be Returned to California Wildfire Unit The senior U.S. military officer overseeing federal forces...
Second Victim Killed Alongside LAPD Sergeant in Brentwood 405 Crash Identified
Authorities Confirm Garcia, 34, Died at the Scene, GoFundMe Launched Authorities have identified the civilian who was killed alongside a...
The Westside Lights Up for July 4: Fireworks, Drone Shows, and Parades Return Across West Los Angeles
From Marina Del Rey’s Fireworks to Culver City’s 1980s-Themed Drone Show, Get Ready to Celebrate From fireworks over Marina del...
Historic Sawtelle Nursery Site Could Become 40-Unit Townhome Complex
Sawtelle Continues to Change as Nursery Site Faces Redevelopment Plans have been submitted to redevelop a nursery site, F.K. Nursery,...
California Judge Rules FAIR Plan’s Smoke Damage Policy Unlawful
Court Says Wildfire Insurance Program Illegally Denied Claims Legal protections for California homeowners took a step forward this week after...
(Video) Culver City Residents and City and County Leaders Rally for Disappeared Ice Cream Man Ambrocio “Enrique” Lozano
US Representative for California’s 37th Congressional District, Sydney Kamlager-Dove Speaks About What is happening to the disappeared.
Drake Slashes Price on Beverly Hills Estate to $79 Million Amid Market Slowdown
Price Cut Adds to a Broader Retreat From His Los Angeles Real Estate Holdings. Musician Drake has reduced the price...
Iranian Pastor in West L.A. Speaks as Church Rocked by Immigration Raids
Five Detained as Fear Spreads Through Persian Christian Faith Community Fear has spread through a West Los Angeles congregation after...
Overdose Deaths Drop 22% in Los Angeles County, Marking Largest Decline on Record
Fentanyl Fatalities Fell 37% as County Ramps up Funding for Prevention, Treatment Drug overdose deaths in Los Angeles County declined...
Cinespia Brings Fireworks and Fan Favorites to Hollywood Forever This July
Watch Top Gun, La La Land, and More Under the Stars at Hollywood Forever Cinespia, Los Angeles’ iconic outdoor movie...
California Doubles Down on Hollywood: $750M in Tax Credits Approved for Film and TV Industry
State Lawmakers Back Major Expansion of Production Incentives, Raising Job Projections Los Angeles’ film and television industry is poised to...
Robbery Suspects Captured in Beverly Hills After License Plate Alert Triggers Pursuit
Foot Chase Ends in Arrests After ALPR Flags Robbery Vehicle in Beverly Hills An alert from the Beverly Hills Police...
EEEEEATSCON Los Angeles Returns with Star Chefs, Firefighter Tribute, and Wildfire Relief Efforts
Culinary Festival Features Exclusive Restaurant Collabs, Support for Small Businesses EEEEEATSCON Los Angeles, the celebrated food festival curated by The...
Supporters to Gather This Weekend for Longtime Culver City Paleta Seller Held in Detention
Family and Neighbors Will Gather Sunday to Sell Paletas and Raise Funds Supporters will gather this Sunday at Veterans Park...
NEWSLETTER
Subscribe to our newsletter to receive the latest news and events in the Century City and Westwood area! Test
DIGITAL
RECENT POSTS
(Video) Los Angeles County Supervisor from the 2nd district, Holly J. Mitchel, Gives a Powerful Speech
Supervisor Mitchell Called on Residents to take action at the rally for Ambrocio "Enrique" Lozano in Culver City.
Read morePOPULAR
California Judge Rules FAIR Plan’s Smoke Damage Policy Unlawful
Court Says Wildfire Insurance Program Illegally Denied Claims Legal protections for California homeowners took a step forward this week after...
Read more