You will be redirected back to your article in seconds

Julia Louis-Dreyfus sues Holzer

Actress claims financial guru misled her

Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars.

The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she was employed by Paine Webber, now know as UBS. She advised them to invest in a life insurance annuity contract and represented that they could withdraw the money at any time and would get a guaranteed annual 7% rate of return. They invested $2 million into the account in 1997. Subsequently, they invested almost $3 million in similar accounts.

In 2003, Louis-Dreyfus and Hall learned that several other clients had asserted claims against UBS and Holzer based on her investment advice. They learned that there was no guaranteed investment return under the contracts; any return was only payable as a death benefit and they could not withdraw the money during their lifetimes without paying penalties.

In 2004, the couple entered into a tolling agreement with UBS and Holzer, which preserved their claims from being barred by the statute of limitations. The tolling agreements were extended twice and are due to expire on September 27.

Holzer, who has her own financial group, is the author of four bestselling books on personal finance and a frequent speaker and television guest. She did not return a call seeking comment.

More Biz

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

  • Monica Macer

    MPTF's NextGen Member Monica Macer: 'We Believe in Taking Care of Our Own'

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

  • Éric Salvail Suspends Career After Sexual

    Quebec Radio Star and Producer On Leave Over Sexual Harassment Allegations

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    Actress Julia Louis-Dreyfus and husband, writer-producer, Brad Hall have sued financial guru Bambi Holzer, claiming that misleading they were given misleading investment advice that cost them millions of dollars. The complaint, filed Aug. 31 in Los Angeles Superior Court, alleges that the couple hired Holzer as an investment adviser in the mid 1990s when she […]

More From Our Brands

Access exclusive content