Courtney Love's 750m Cobain lawsuit
- Bang Showbiz
- 8 April 2009
Courtney Love is taking legal action to recover $750 million she claims has been fraudulently taken from the estate of her late husband Kurt Cobain, who killed himself in 1994
Courtney Love claims Kurt Cobain's $750 million legacy has been stolen.
The 'Celebrity Skin' singer says the staggering $45 million cash and $705 million worth of other assets - which she was left when the Nirvana star committed suicide in 1994 - has gone missing after thieves set up bank accounts and made property deals in her name.
Courtney's lawyer Rhonda Holmes said: "I have never seen such greed and moral turpitude.
"We will be filing civil cases within the next 30 days. There are many, many millions missing. We've only been able to track down $30 million, but there is more. And then there is the real estate.
"There is now a web of homes which were bought, flipped and used to launder money - up to $500 million worth. Any of the property we can get back will be donated to people who have lost their homes in foreclosures."
According to the lawyer, Courtney - who has a 16-year-old daughter Frances Bean with the late rocker - only noticed the missing money "when there wasn't any left" and blames those entrusted with looking after Kurt's estate for "shamelessly looting it".
Holmes added: "Courtney noticed the money was gone when there wasn't any left. It's no secret she struggled with substance-abuse issues, but in the last year she's taken a more serious approach to sobriety and started noticing things were wrong. She hired private investigators, accountants and me.
"We are also working with local and federal authorities. When Mr. Cobain died in 1994, he left his enormously wealthy estate behind for the benefit of his mother, two sisters, a brother, his wife and young daughter. Many of those involved with the estate's coffers mismanaged, stole and outright looted it shamelessly."
Last March, Courtney claimed she was a victim of identity fraud, but police were said to be sceptical about her allegations.
In an online rant in May, she alleged her attorney and accountant had been using her name to sign fake cheques and appealed for the help of a lawyer.