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QUICK TAKES - Aug. 1, 2009

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Bloomberg News

A spokesman for celebrity photographer Annie Leibovitz says allegations made by Art Capital Group Inc. in a lawsuit against her are false.

“This is part of Art Capital’s continued harassment and attention-getting efforts,” Matthew Hiltzik said. “There has been tension and dispute since the beginning. Annie is in the same shoes as many other people involved with Art Capital. For now, her attention remains on her photography and on continuing to organize her finances.”

Montieth Illingworth, an Art Capital spokesman, responded that Leibovitz breached an agreement.

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“This is both disappointing and unfortunate,” he said. “Art Capital is merely defending its contractual rights.”

In the lawsuit filed in New York this week, Art Capital said Leibovitz borrowed $24 million to pay creditors and then failed to live up to terms of the loan agreement.

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