On Thursday, literary agent Peter McGuigan filed suit on behalf of himself and the literary agency Foundry in New York Supreme Court against former business partner Yfat Reiss Gendell, charging breach of contract, conversion of funds, intentional fraud and fraudulent conveyance, negligent misrepresentation, and more. Alleging “criminal embezzlement,” the suit says that Gendell illegally transferred over $800,000 from Foundry accounts to herself and to cover expenses related to her new agency YRG Partners. It also alleges that over $45,000 in unlawful charges were made to company credit cards on Gendell’s behalf; that she hired some former Foundry employees in violation […]
