Court papers filed on Tuesday September 21, has revealed that Angelina Jolie has been sued for allegedly using devious means to cut ex-husband Brad Pitt out of a lucrative real estate deal involving a posh estate they co-owned in France.
In the documents filed in Luxembourg, Jolie was accused of trying to sell off her 50 percent stake in the $164 million Chateau Miraval in Correns, France, without giving Pitt the first option to buy her out.
Page Six which obtained the court documents, reported that the former couple held their shares for Miraval in separate limited liability companies (LLCs).
Miraval is owned by Quimicum, a company in which Pitt originally held a 60 percent share through his company Mondo Bongo, while Jolie held 40 percent through her company Nouvel.
Three years before they split in 2016, Pitt transferred 10 percent of the estate from Mondo Bongo to Jolie’s Nouvel, making them equal shareholders.
Part of their agreement include asking each other for permission if they ever wanted to sell their shares. Jolie is however accused of trying to sneakily sell her shares without giving Pitt right of first refusal.
A source said;
“He did all the work; she did nothing.
“It’s another example of Angelina trying to circumvent the rules and avoid their obligations.”
It was claimed in the lawsuit that the 10 percent transfer should be void as the shares were “sold” for only €1 and not a “serious” amount as required by Luxembourg law. It is now valued at over €140 million (about $164 million).
The lawsuit read;
“It is worth mentioning that, for the last four years, Nouvel [Jolie’s company] did not act in the best interest of Quimicum by systematically delaying the approval of the annual accounts and the renewal of the manager.
“We understand that behind this systematic obstruction, the real purpose of Nouvel and its shareholder [Jolie] is to sell its stake in Chateau Miraval SA in a way that would circumvent Mondo Bongo’s right of first refusal (as provided in Quimicum’s articles of approval), taking, as a result, a capital gain raised thanks to Mondo Bongo’s investment and to which Nouvel did not contribute.”
Jolie filed for divorce in August 2016, citing “irreconcilable differences” and requesting primary custody of five of their six children: Pax, 17, Zahara, 16, Shiloh, 15, and twins Vivienne and Knox, 13. Son Maddox is now 20.