Annie Leibovitz and the company that lent her $24 million, Art Capital Group, announced Friday afternoon they have reached an agreement to restructure the photographer’s finances and settle a lawsuit between them. But she could still be in peril of losing her homes and the rights to her photographs.The loan was due Sept. 8, and after days of negotiations, the parties released a joint statement about a settlement that, for now, spared Leibovitz from foreclosure. But the photographs and the homes remain pledged as collateral for the loan, and another deadline to pay back the loan could arrive in the next few months, legal experts said. The statement did not specify when the new deadline is. (source New York Times)
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