Kinkade, sued, files for bankruptcy

Pacific Metro, one of kitschmeister Thomas Kinkade’s corporations, filed for bankruptcy last week to avoid paying  part of a $3 million dollar judgment to two former Kinkade Gallery owners who successfully argued before the U.S. Supreme Court that they had been gulled into investing in a retail Kinkade Gallery by a "certain religious environment" then undersold by the parent corporation. Norman Yatooma, lawyer for the pair, is quoted as saying " Kinkade’s word is as worthless as his artwork."

Print Friendly

Leave a Reply