Russell Simmons Suing Kimora. The legacy of Russell and Kimora’s business dynasty could be at stake.
Who owes who What?
Russell Simmons suing Kimora. This is really unfortunate news. After their divorce it seemed like Russell and Kimora were doing well.
However, Russell has filed a complaint against Kimora and her new husband (Tim Leissner). And, things may get really nasty.
Apparently, Russell is claiming he owns shares in and energy drink company. And, Tim and Kimora made a fraudulent transfer of nearly 4 million shares.
Allegedly, the transfer of shares was to pay Tim’s legal fees. In 2018 Tim was convicted of money laundering. If Tim did not pay money he would go to prison.
Of course, we don’t know how much the shares are worth. Obviously, it must be worth a lot for Russell to take Kimora and Tim to court.
According to Russell he tried to settle the dispute without going to court. But he was unsuccessful, as reported by People. Therefore, Russell is now asking for his shares.
Here is some of what Russell shared:
“Throughout my entire decades-long partnership with you I’ve done everything and anything to protect and promote our family. I have never said no to any request and have always gone against my own council to offer up much more than any judge would ever require of me in order to keep the peace,” he allegedly wrote, before adding, “I am shocked and saddened to see how your side has behaved in response to my repeated attempts to get an agreement from you to rightfully and legally reaffirm my 50% of the Celsius shares which have been locked up with the government after being used for your husband’s bail money.”
So, it is clear that Russell is now playing hard ball. Of course, neither Kimora or Tim have responded in the media to Russell’s allegations. But you can best believe this mess is not over.