Eva Longoria’s Beso files for bankruptcy to restructure its debt



Eva Longoria Parker and Kim Kardashian in Beso and Eve on December 30, 2009.

Posted on Thursday, January 6, 2011 | 6:43 p.m.

Updated on Thursday, January 6, 2011 | 8:24 p.m.

click to zoom in the picture

The opening of the Beso restaurant and the Eve nightclub at the CityCenter on December 3, 2009.

click to zoom in the picture

Beso by Eva Longoria in the CityCenter Crystals.

Beso, the Las Vegas restaurant and nightclub at CityCenter owned by actress Eva Longoria and co-investors, filed for bankruptcy on Thursday to restructure nearly $ 5.7 million in debt and other liabilities.

Beso LLC, 32 percent owned by Longoria, has assets of approximately $ 2.5 million in the Chapter 11 filing with the US bankruptcy court in Las Vegas.

The restaurant, which has a nightclub called Eve, predicted continued losses of $ 76,000 per month.

Court records have indicated that Beso could struggle to meet its rental obligations, with the company claiming $ 1.8 million owed to CityCenter owner Crystals.

CityCenter is the resort complex that MGM Resorts International opened in December 2009.

Beso has generated nearly $ 14.6 million in gross revenue over the past 12 months, according to the filing.

Longoria, who filed for divorce from Tony Parker, apparently had to provide money to keep the business afloat. She is listed as a creditor, owed $ 375,000 for legal fees paid on behalf of Beso and an additional $ 1 million for a cash loan.

Several construction companies are among the creditors, and the file noted the litigation is in progress involving contractors involved in building the club as well as former partners.

A June lawsuit filed in Clark County District Court by Ronen and Mali Nachum, investors and purported leaders of Beso, alleged that they had granted the company a $ 280,000 loan to help finance construction, but were subsequently kicked out of the business without payment.

On October 27, Clark County District Court Judge Mark Denton dismissed a petition from Longoria and the co-defendants to have the case dismissed.

The lawyers for Longoria, Beso and the co-defendants then filed a counterclaim against the Nachum, claiming that the validity of their right to property “is in question due to the existence of irregularities and certain irregularities which have occurred. could be committed “as part of the initial grants. of their interests.

The counterclaim states that Ronen Nachum was allowed to help supervise the construction of Beso in early 2009 based on his statement that he was a licensed contractor, although Beso claims he was never so licensed in Nevada.

“Due in large part to the mismanagement of the construction process by Ronen Nachum, Beso LLC was forced to seek additional contribution in the form of a $ 1 million loan from Longoria,” the counterclaim states.

It says Ronen Nachum’s “serial mismanagement” of construction resulted in the filing of $ 1.2 million in construction liens, as well as lawsuits and multiple breaches of Beso’s lease with Crystals.

The counterclaim also alleged that Ronen Nachum “had used threats and intimidation to take control of Beso’s day-to-day operations with encouragement from Mali Nachum” and that the Nachum had mismanaged Beso’s funds.

Lawyers for the Nachums retaliated, denying the allegations and asking in a December 30 filing that $ 280,000 Ronen Nachum personally deposited into a Beso construction trust account be seized.

“It would be manifestly unfair for Beso and his agents to end their relationship with the Nachum, but to use Nachum personal funds to pay for the privileges for the construction of Beso,” the file said.

An earlier lawsuit filed by investor Anthony Vicidomine has been settled.

The bankruptcy attorney filing indicates that Vicidomine was paid $ 200,000 but has approximately $ 651,000 remaining for Beso’s purchase of his stake in the company.

Other disputes disclosed in the bankruptcy filing relate to contractors Bombard Electric LLC, Mechanical Insulation Specialists and Perini Building Co.

Company assets include nearly $ 1.9 million in computers, furniture, equipment, catering supplies, and audio and video equipment; and another $ 172,000 in food and beverage inventory. Certain equipment is rented, specifies the file.

In addition to Longoria’s stake, the stakes are held by Vicidomine (2%), John Torregiani Consulting Inc. (1%), Jonas Lowrance (32%) and the Nachums disputed 32%, the file said. The company is headed by William M. Braden.

A Beso official was contacted regarding the bankruptcy on Thursday, but declined to comment.


Leave A Reply