JK! If John Mack’s been Googling himself much today—which his administrative assistant tells us he mostly certainly is*—, he’s got to be pretty pleased with the results. First, he beats Goldman and now Ron Perelman? We’d say it’s time for Mack to call it a day—something about quitting while you’re ahead and today’s episode of Oprah being one you “don’t want to miss.”
Reuters reports the bank’s major victory today over billionaire and former husband of the lovely Ellen Barkin, when a Florida state appeals court threw out a $1.58 billion award previously bestowed upon Perelman over the 1998 sale of Coleman Co. to Sunbeam Corp. In May 2005 a jury had ruled in his favor, when he alleged that Morgan Stanley had helped Sunbeam “hide its shaky finances” while working on the purchase of Coleman.
Coleman had received 14.1 million Sunbeam shares in the transaction. The stock became worthless after Sunbeam fired chief executive Al Dunlap and admitted it had inflated sales to prop up earnings. Sunbeam went bankrupt in February, 2001.
In a 2-1 decision [today], Florida’s Fourth District Court of Appeal in West Palm Beach said Perelman failed to show he was damaged because he did not demonstrate what Sunbeam shares would have been worth had there been no fraud.
A spokeswoman for Perelman called today’s ruling a “temporary setback” and that Big P “plans to seek a rehearing,” just as soon as he deals with the arduous task of assigning himself a fifth wife.
Morgan Stanley Wins Reversal of $1.58 Bln Award [Reuters]
*You get what I’m doing here.
The race to be Ron Perelman’s fifth wife is still on, but Anna looks to be well in the lead.
Ronald Perelman is back with blond psychiatrist Anna Chapman, but there’s another blonde on the scene. The Revlon billionaire had lunch Tuesday at Fred’s with Elisabeth Roehm , who played the hot prosecutor in “Law & Order” a few seasons back and dated MSNBC’s Dan Abrams. As much as Perelman enjoyed lunch, he is said to be very happily spending the holidays on his yacht in St. Barts with the brainy Chapman.
Blonde Bonanaza [New York Post]
Tory Burch is one of those women famous for having married well. Years ago she married venture capitalist Christopher Burch, hatched a bunch of his children and oversaw the construction of the family’s 9,000 square foot apartment in the Pierre Hotel.
Okay. Not that well. Or at least not happily ever after. Her marriage is heading for divorce, and the clothing company financed by her soon-to-be-ex-husband is rumored to be in trouble. But don’t worry for Tory. It looks like she’ll land on her feet, somehow. This morning Page Six is reporting that the blonde socialite has been spotted hanging around Ron Perelman.
HAVING split up with sultry psychiatrist Anna Chapman, Ron Perelman is now seeing fashion designer Tory Burch , who met him at a charity event. “Tory is flattered. She likes him,” said a pal of the petite blonde. The two are keeping the relationship very quiet as Burch’s divorce from Christopher Burch “is not over yet and has gotten very nasty. It’s so bad that it is hard for them to work together at the clothing company.” A rep for Perelman denied he and Burch were dating but conceded they dined together last week.
Just Dinner [New York Post]