Zooey Deschanel is suing shoe mogul Steve Madden for $1.5 million after Madden reportedly backed out on a legally-binding oral agreement to endorse a “Zooey’s Shoes and Accessories” line.
According to the lawsuit, Deschanel made the $2 million deal in August, but the amount was lowered to $1.5 million after lack of retailer support led to renegotiations. Deschanel’s agent backed the new agreement, which reportedly stated she would get paid whether or not the line was ever produced.
Madden’s company, however, announced their decision to abandon the line in October and is now refusing to pay Deschanel the amount she is owed by the terms of the contract.
Since the agreement was oral (and no papers were signed), it might be difficult for Deschanel to prove that the contract did in fact exist.
Readers, do you think Madden will settle? And does Deschanel deserve the money?
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