Cos­met­ics mogul must pay $3.4m

Weekend Argus (Saturday Edition) - - WORLD -

NEW YORK: A New York judge has ruled that Revlon cos­met­ics mogul Ron­ald Perel­man must pay more than $3.4 mil­lion (R25m) to a pro­duc­tion com­pany he started with his ex-wife.

Perel­man and ac­tress Ellen Barkin di­vorced in 2006. Since then, they have been em­broiled in var­i­ous law­suits re­lat­ing to the com­pany, Ap­ple­head I.

Man­hat­tan state Supreme Court Jus­tice De­bra James ruled on the breach of con­tract case on De­cem­ber 21. Perel­man must re­pay the money with 9 per­cent in­ter­est dat­ing to Jan­uary 1, 2007.

Barkin and her brother, Ge­orge, con­tinue to op­er­ate the pro­duc­tion com­pany.

Perel­man has sued the sib­lings, claim­ing they si­phoned money from Ap­ple­head to form an­other com­pany.

That case con­tin­ues to be lit­i­gated.

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