Content deleted Content added
→Maximus Enterprises: when? |
→Percentages and court cases: when? |
||
Line 52:
In ''[[The Times]]'' on 9 December 1964, it was reported that Eliot was suing Byrne for damages of $1 million. Eliot accused Byrne of spending $150,000 for his "personal comfort and benefit", over some months. The suit also accused Byrne of charging hotel bills to Seltaeb, which were as much as $19,000 every week for girlfriends, and also opening "charge accounts for them in [[Fifth Avenue]] shops".{{sfn|Norman|1993|p=253}} Eliot also alleged that Byrne had hired a chauffeur for $700 a week and had withheld $55,000 in royalties to NEMS, after which NEMS had said they would cancel the agreement between the two companies unless monies were forthcoming. Byrne denied all the charges, but admitted he had hired a chauffeur, as he was not familiar with the streets of New York. A supreme court judge [[Reserved decision|reserved his decision]].<ref name="TheTimesDec91964"/>
Epstein accused Seltaeb of not accounting properly, and cancelled its power to grant licences, which started a counter-lawsuit by Byrne against Epstein's New York accountant, Walter Hofer, asking for $5,168,000 in damages.{{sfn|Spitz|2005|p=544}} Epstein then instructed NEMS employees to deal directly with American companies, so Byrne instigated court proceedings, which took three years to settle, as it entailed 39 individual claims against NEMS.<ref name="PowerhouseMuseumMerchandise">{{cite web |url= http://www.powerhousemuseum.com/collection/database/?irn=12283 |title= Beatles merchandise (Australia) |publisher=Powerhouse Museum |accessdate=2008-08-04}}</ref>{{sfn|Spitz|2005|p=544}} Byrne won the case, and Epstein paid the court costs and legal bills himself, although the judgement was later [[Vacated judgment|vacated]];{{when}} meaning to cancel it, or render it null and void.{{sfn|Spitz|2005|p=544}} Due to the legal battle, [[F. W. Woolworth Company|Woolworth's]], [[J. C. Penney]], and other companies refused to finalise any merchandising agreements, cancelling orders worth $78 million.{{sfn|Spitz|2005|p=544}} The court case and its effect was estimated to have lost NEMS and The Beatles approximately $100,000,000.{{sfn|Harry|1997|p=584}}
==Maximus Enterprises==
| |||