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LEONARD COHEN: MR. BIG
This is a bit unexpected: Leonard Cohen is being sued for extortion. A case was filed in Boulder, Colorado by an investment company:
The lawsuit filed in Boulder on Monday alleges that Cohen and his business associate Robert Kory, "have threatened to irreparably damage Agile's reputation in order to extort millions of dollars from Agile and its insurer".
"Agile states that Cohen and Kory falsely claim that Agile bears responsibility for the alleged misappropriation of Cohen's invested funds by Cohen's former manager. The Complaint also states that Cohen and Kory attempted to (and in some instances did) recruit third parties in their conspiracy and procure false testimony".
The most notable thing about this, of course, is the appearance of the words "Leonard Cohen" and "agile" in the same news story.
1 comment:
A statement released by Leonard Cohen's lawyer points to the truth of this sad state of affairs:
ATTORNEY ROBERT KORY STATEMENT
IN RESPONSE TO AGILE GROUP SUIT
INVOLVING LEONARD COHEN
"The suit filed by the Agile Group Monday, June 6, 2005 is completely
consistent with Agile's reckless disregard for its client and his
investments.
We had hoped to reach an out-of-court settlement with Agile that
returned to Mr. Cohen some portion of the retirement money the firm was
authorized to administer on his behalf. Instead, in the middle of
negotiations to determine Agile's responsibilities to Mr. Cohen to
compensate him for money lost under their management, Agile launched a
surprise attack in an effort to besmirch the reputation of one of its
notable clients.
Agile repeatedly failed to alert Mr. Cohen to true account balances
while allowing improper and unauthorized withdrawals by Cohen's former
business manager. In doing so Agile failed to protect Mr. Cohen's
interests and retirement savings and knowingly misled him by providing
inaccurate financial reports.
We will of course file a counter suit that lays out in detail how Agile
acted in a reckless way that violated the firm's fiduciary
responsibilities towards Cohen and consequently resulted in the loss of
Mr. Cohen's retirement savings."
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