There is light at the end of the tunnel!
Kyle Richards’ husband Mauricio Umansky has scored a legal victory, as he has settled the $32 million dollar Malibu mansion sale lawsuit that was against him. The Real Housewives of Beverly Hills couple can now close that chapter of their lives. According to The Blast, Mauricio reached a settlement with Sweetwater Malibu LLC after they sued him and his real estate company, The Agency. Mauricio was accused of fraud. Andy Cohen brought up some of these legal woes during the RHOBH season 9 reunion.
According to court documents on November 27th, both sides have confirmed they “are in agreement on the principal terms of a settlement that would resolve the case.” Both parties were set to go to trial in March of 2020, and it’s still the set court date until their settlement agreement is officially finalized.
Before both parties had reached their settlement agreement, Mauricio met them for a private mediation with a judge. Then they both requested a hearing to finalize the terms of their new agreement. According to court documents, “WHEREAS, to facilitate the resolution of the parties’ settlement and the issues with DOJ, the parties hereto agree that the trial date and discovery dates should be continued for a short period of time to enable these matters to be addressed or, if necessary, resolved by the Court.”
The Malibu property was seized by the United States government from Teodoro Nguema Obiang Mangue, who was accused of using stolen funds to purchase the property. Mauricio had sold the home for $32 million dollars to Mauricio Oberfeld. The government approved the sale, but Teodoro claimed that Mauricio didn’t tell him that he had received a higher bid from somebody else.
After the original sale of the house for $32 million, Mauricio had flipped the property for $69.9 million. Teodoro and his company, Sweetwater Malibu LLC, claim that Mauricio breached his duties while he was the realtor in charge.
Sweetwater Malibu LLC, a company run by Teodoro, claimed Mauricio breached his duties as their realtor.
However; Mauricio denied these allegations and accused Teodoro of trying to get back the money that went to the government. Mauricio’s documents read, “By suing Defendants and making unfounded and baseless allegations, Plaintiff repeats a strategy Obiang has used before unlawfully enriching himself by using shell companies to take money from innocent parties.”
Just last month, Mauricio discussed the legal drama in an interview with Inman. Mauricio explained, “There are two sides to every story. Mine has yet to be told. It’ll be told soon. I am very confident we will be vindicated.”
The Real Housewives of Beverly Hills are currently filming season 10. It’s set to return in 2020 on Bravo TV.
I’m happy for Kyle and Mauricio, that sounded like a stressful legal battle. I’m looking forward to the RHOBH finally being back on! It’ll be fun to meet the two new castmates. Stay tuned, loves!
Thoughts on this all? Thoughts on next season of the RHOBH? Sound off below!
Source: The Blast