A NY state supreme court judge has ruled that Iron Chef Morimoto owes a former business partner a huge chunk of money. Effectively, seems that the Iron Chef's stake in his restaurants has been reduced by half: "A judge has ruled that Morimoto’s original business partner, Donald Fellner, is entitled to 45 percent of profits from his restaurants in New York, Philadelphia, and India, plus profits from certain endorsements and finally two appearances on Iron Chef for which Morimoto received a whopping $20,000...During the case, brought almost three years ago by Fellner and his lawyer, Steven Landy, Morimoto maintained that an amendment to his original agreement with Fellner gave him the right to personally keep all profits arising from “private work.” But the court disagreed and ruled that Fellner is entitled to a share in the profits from Rogue Brewery and Nenohi knives, Food Network merchandising, and the aforementioned restaurants." [Cutlets]
Filed under:
