General News

Susan Sarandon suing former business manager

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Jun 12, 2014 | 8:23pm EDT

Oscar winner Susan Sarandon is suing her former business manager, accusing him of luring her to invest in a property deal just to line his own pockets. The actress handed over a reported $10 million (GBP6.25 million) to Richard Francis after he convinced her to invest in a real estate deal she claims he and his son had a huge stake in. In legal papers obtained by TMZ.com, Sarandon reveals she realised what was going on after she fired her money man last year (13). She alleges Francis breached his fiduciary duty to her and claims he "failed to diversify Sarandon's portfolio", even though he was "obligated to act solely in Sarandon's best interest and place Sarandon's interests above his own". She is now seeking to recover "substantial" damages, including "considerable monetary losses including and not limited to reduced value of her interests in Real Estate Partnerships."

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