Investments may lose value

The TU reports that a lawsuit filed in California alleges that the leader of NXIVM -- the, uh, "personal growth" program now based in Colonie -- led heiresses Sara and Clare Bronfman to lose $100 million in commodities and real estate investments. Metroland has posted the full lawsuit. Update: See Chet's comment about the status of the NXIVM suit against Metroland.

Comments

Whatever became of the NXIVM vs Metroland suit?

Hey komradebob.

It looks like the NXIVM suit against Metroland fizzled out cause they tried to sue the wrong company. Whoever did the due diligence in preparing the suit for NXIVM (an outfit that purports to train executives for success) failed to open the paper they were suing and scan down to the bottom of page 2. If they had, they would have noticed that Metroland isn't owned by Metroland Magazine anymore--that's so 1990s. The company that currently owns Metroland is called Lou Communications, and that's who they wanted to sue.

You can read about it here: http://tinyurl.com/yh4lj7c

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