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Co. marketing Jessica Simpson’s name sued
From Sara Hall
NEW YORK—What’s in a name? In Jessica Simpson’s case, at least $15
million. A company that markets celebrities’ names says it set up the
deal that got Jessica Simpson Brand Management LLC $15 million for
worldwide rights to her name to market certain merchandise, including
clothing.
But the company, Icon Licensing Group LLC, says it wasn’t paid its
commission and has filed a lawsuit to get it. In papers filed in
Manhattan’s state Supreme Court, Icon says it is owed at least $180,000
by the JSBM company. Icon’s court papers say the company entered into an
agreement May 9, 2005, with Andrew Kirpalani, owner and manager of JSBM,
in which Icon would get a percentage commission if it successfully
finalized a sale of Simpson’s name. |