EFTA00771013.pdf

From: David Stern To: Jeffrey Epstein <[email protected]> Subject: F debt articles Date: Mon, 05 Oct 2009 11:34:41 +0000 By now this news item has spread across a range of media in UK and US. New York Post below. A Royal pain Fergie creditors' haircut Oct 4 - New York Post By JAMES DORAN, MARK DECAMBRE and JENNIFER GOULD KEIL Creditors of Sarah Ferguson's defunct Hartmoor LLC can't be a happy bunch today. Owed more than $1 million, the group is looking at getting about half that amount as lawyers sift through the debris looking for cash to pay out. "This was clearly a distressed company," a source close to the Duchess told The Post. "And when the company failed it had significant debts." The Duchess of York set up Hartmoor three years ago to manage her US business interests, including her Weight Watchers spokesperson gig and income from her personal appearances. But a once-promising US business career turned sour and Hartmoor collapsed in January, shortly after the former royal lost her job as a diet pitchster. But while creditors are looking at a pay-out of between 50 cents and 75 cents on the dollar, Fergie was announcing that she had just sold the movie rights to her series of kiddie books. "A major US film company has just bought up rights to my series of children's books," the Duchess told the Daily Mail newspaper, adding: "I cannot tell you how exciting that is for me... America has been so good to me." For her US creditors -- not so much. The Duchess declined to name the US company that bought the rights to her books, however, and no US company has so far come forward to herald the apparent deal. Hartmoor creditors are interested in the answer. This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake please let us know by reply and then delete it from your system; you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it. Asia Gateway Ltd. EFTA00771013 Michelin House 81 Fulham Road London SW3 6RD UK Tel: -I= Fax: EFTA00771014