georges marciano

Georges Marciano Loses Defamation Lawsuit

Filed under: Wealth, Crimes and Misdemeanors

Guess Jeans co-founder and current California gubernatorial candidate Georges Marciano is going to have a big bill to pay. The LA Times reports that a jury has delivered a big award in the case of five former employees who sued Marciano for defamation. The drama began back in 2007 when Marciano sued the five employees saying that they were stealing his e-mails and other personal information and were part of a conspiracy to sell art and wine from his personal collection.

The employees countersued for harassment and defamation. And this is where it really gets weird. Marciano didn't cooperate with pretrial proceedings or defend himself at the trial. Los Angeles County Superior Court Judge Elizabeth White excluded him from court proceedings earlier this year because he had repeatedly failed to show up at depositions. In response Marciano has taken his battle against the judge to his campaign website and blog saying that the judged denied him his rights. He has also sued her in federal court. He will also likely appeal the case.

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Tags: defamationlawsuit, georges marciano, GeorgesMarciano, guess, lawsuit

Jeans Mogul Buys Massive Diamond

by Deidre Woollard (RSS feed) —

Filed under: Jewelry, Auctions, Celebrity Shopping

The jeans business has been really good to Guess? clothing company founder Georges Marciano. The proof of that was on display when Marciano spent just under $16.2 million for the largest top-quality, brilliant-cut white diamond ever to appear at auction at Sotheby's on Wednesday. The price ws just shy of the $16.5 million record set for a 100.1 carat stone in 1995. The stone is a D-color stone with flawless clarity and cut, polish, and symmetry all graded excellent and clocks in at a healthy 84.37 carats. The auction took place at the Beau Rivage hotel in Geneva, Switzerland and brought in just under $57 million in total sales. Mariciano, who bid by phone, has named his diamond after his daughter Chloe. The stone was owned by Ron Cohen, the owner of the Los Angeles-based Clean Diamonds, who bought it from Angola's national diamond company two years ago.

[Thanks, Lana!]

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Tags: auction, diamonds, expire-images:2008-11-15, geneva, georges marciano, guess, sotheby's