Suits in the News

Bronfman sisters, who are followers of controversial Albany-based group, NXIVM, suing former financial planner for disclosing business secrets; filings in Los Angeles Superior Court revealed NXIVM leader Keith Raniere lost $65 million in investment scheme funded by the heiresses. According to the New York Post, Raniere blames losses on Edgar Bronfman who he claims “paid off” Forbes for publishing this July 2006 story about NXIVM. [Courthouse News Service, Albany Times-Union, New York Post]