Leah Cohen Sues Her Partners Over Pig & Khao
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Not all is Kosher on the Pig & Khao front these days. According to TMZ, owner Leah Cohen is suing the restaurant’s management company for unspecified damages, and to terminate her agreement.
You see, Cohen had signed a 50/50 joint deal with New York Restaurant Services Group to utilize its management services. The company was to handle all the back end operations, including finances and developoment. Instead, she alleges that the alliance resulted in tons of debt, even after investing $400,000 into the business.
Ergo, the future remains unknown for Pig & Khao…
From the article:
According to Leah, NYRSG failed to pay the restaurant’s suppliers, its staff, its landlord, and even the Tax Man — resulting in massive unpaid bills and frozen bank accounts — but still insisted on paying itself a 3% management fee.
Leah — who claims to have invested $400,000 in the business with her father — says the restaurant owes the government $47,283, her landlord is threatening to throw her out, and she’s on the brink of losing everything.
She says the restaurant is “clearly failing,” and has been operating at a loss pretty much since it opened last fall.