Lawsuits mount against promoter
Claims against boy-band impresario Lou Pearlman have grown to more than $130 million through a spate of lawsuits by creditors and investors related to his business interests that include an airline leasing company and restaurants.
That total does not include $33 million judges have recently ordered him to pay on previous lawsuits, the Orlando Sentinel reported in Friday editions.
The latest suit, filed in Orlando this week by Bank of America, alleges that the founder of the Backstreet Boys, ‘N Sync and US-5 has defaulted on business and personal loans worth more than $17 million. A week earlier, the same bank filed a mortgage-foreclosure suit seeking more than $25 million or possession of Orlando’s Church Street Station entertainment complex.
A Pearlman spokeswoman did not have an immediate comment Friday.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
