I-Team: Lawyers and family seek millions in Tony Hsieh’s estate

Las Vegas entrepreneur, the former CEO of Zappos had no will

LAS VEGAS (KLAS) – Lawyers and estate co-administrators of former Zappos CEO and Las Vegas entrepreneur Tony Hsieh are asking for several million dollars in payment, according to court documents obtained by the I- Team.

Hsieh died in a house fire in November 2020 in Connecticut. He was 46 years old. In December, a judge appointed his father, Richard Hsieh, and his brother, Andrew Hsieh, as special administrators of his estate since the entrepreneur did not have a will.

According to documents filed last week, two law firms are asking for payment for their services until August 31.

Tony’s Hsieh was worth around $ 840 million, according to documents filed in court in two lawsuits against his estate earlier this year.

Law firm asks judge to award more than $ 1.7 million in payment. Another company is asking for a payment of more than $ 300,000, according to court documents. In addition, Tony Hsieh’s brother and father are asking for $ 1 million each.

According to the lawsuit, an attorney listed as an oversight partner outside of California has billing fees of $ 1,040, according to documents. Another lawyer is listed as charging $ 1,150 an hour. Other lawyers named in court documents earn several hundred dollars an hour.

As Tony Hsieh did not have a will, his estate is subject to a public probate process. That means lawyers respond to requests and deal with “high profile disputes,” according to the documents.

A man claims to be owed more than $ 12 million from the estate of former Zappos CEO and Las Vegas entrepreneur Tony Hsieh in a deal reached on a sticky note, new court documents show.

“The work done on this case is set out in the aforementioned billing book which details all of the services provided in this ongoing case,” the documents say about the lawyers’ work. “As such, the character of the work to be performed supports the reasonableness of the claim attorney’s fees.”

Several people have filed creditors’ claims in the courts, claiming they were entitled to some of Hsieh’s wealth. Some of the evidence for these claims comes from contracts signed by Hsieh on Post-It notes.

Two lawsuits filed in Clark County District Court claim that Hsieh’s longtime assistant and friend Mimi Pham is entitled to some of his wealth and that Hsieh’s estate and businesses he owned to him. owe money.

SAN FRANCISCO, CA – OCTOBER 08: Mimi Pham and Zappos.com CEO Tony Hsieh attend the Vanity Fair New Establishment Summit Cocktail Party on October 8, 2014, in San Francisco, California. (Photo by Michael Kovac / Getty Images for Vanity Fair)

In response to the lawyers ‘and administrators’ demand for payment, Pham’s lawyers said the demand should be “denied as premature”.

Earlier this year, Hsieh’s estate administrators filed notices in the Clark County District Court to explore the sale of nearly 100 properties. Estate attorney Dara Goldsmith said the notices allow the “possible future sale” of the properties and does not necessarily mean that all will be sold.

The documents show the properties include the Zappos headquarters, which was most recently valued at $ 20 million, according to the records.

Hsieh led retail giant Zappos for 20 years and retired as CEO in August 2020. He was central to the revitalization of downtown Las Vegas and had an estimated net worth of hundreds of millions of dollars.

Hsieh’s family have not spoken publicly about his death, but thanked the community for their continued support in a statement last year.


Source link

Comments are closed.