Lisa Vanderpump’s Husband Ken Todd Sued For Close to $1 Million Over FRAUD Allegations

Lisa Vanderpump’s Husband Ken Todd Sued For Close to $1 Million Over FRAUD Allegations

Lisa Vanderpump’s husband, Ken Todd, has been slammed with a lawsuit filed by the owner of the property the couple rented for their now-shuttered West Hollywood restaurant, Pump. 

The owner is demanding almost a million dollars in damages.

Court documents stated that a company called 8948 Santa Monica Partners filed a complaint against PUMP LLC and Ken Todd for breach of contract and promissory fraud and conversion. The company identified itself as the owner of the property and stated that Ken Todd and Pump LLC leased the property in 2013 and agreed to a $32k monthly rent payment.

In 2020, the rent increased to approximately $42.5k. 8948 said that Ken Todd and the business signed off on transferring and conveying the liquor license to them upon  termination of the lease. The company claimed that Todd’s statement was false and that he never intended to adhere to the terms of the lease after it expired. 

The lawsuit noted that Pump “surrendered possession of the premises” on July 13, 2023. The company accused the business of failing to pay rent and other fees totaling $250k. The suit also stated that Pump did not turn over the liquor license to 8948, as outlined in the lease agreement.

The lawsuit alleged—“PUMP has removed from the Premises fixtures and property attached to the Premises (“Fixtures”) including without limitation a customized security gate (“Gate”).”

8948 explained that they had secured a new tenant for the property but needed the liquor license immediately so the new renters could launch a bar and full-service eatery. 

The lawsuit read — “Defendants’ and each of their failure and refusal to reassign, transfer and convey the Liquor License to 8948 will cause 8948 to suffer a loss of approximately $56,500 of base rent and other charges for each month that Defendants fail and refuse to reassign, transfer and convey the Liquor License to 8948. In addition, 8948 will suffer a loss of the value of the Liquor License itself with a current estimated fair market value of $150,000.”

The owner is suing for $750k in damages for the supposed contract breach and another $200k for Ken Todd’s refusal to turn over the liquor license and taxing fixtures. 

The property owner spoke to Radar Online about the lawsuit, commenting — “We are aggressively pursuing damages and he will be held fully liable. Nothing this guy won’t do including skipping out on rent, attempting to unlawfully remove mature trees on the property, stealing our liquor license and patio gates, and ripping chandeliers out of our ceilings. Half of their employees opted to stay with our new tenant for good reason.”

Lisa Vanderpump announced that the West Hollywood hotspot was closing its doors after a 10 year run, in May. 

“It’s with heavy hearts that we announce that the lease at Pump restaurant is expiring, and we will be closing its doors on July 5th, after 10 years of beautiful evenings under our olive trees,” she said.

“While we have loved our time berating Pump, to take on another 10-year lease with a huge increase in rent  by the landlords, is not something we are ready to commit to,” she said. “After successfully running 37+ establishments for many years, this type of rent is untenable.”

 

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