Media mogul hits Justin Sun with countersuit in $78M sculpture dispute

American film producer, record executive and art collector David Geffen has hit back at crypto entrepreneur Justin Sun in a countersuit disputing ownership claims over a multimillion-dollar sculpture. The billionaire American media mogul filed a counterclaim against Sun on April 16, calling the Tron founder’s suit a “sham” and adding claims of “unethical and/or illegal business activities. ”Sun sued Geffen in February, claiming that the statue was stolen from him by a former employee who then sold the artwork to Geffen in a deal worth around $65 million in artwork and cash. Sun purchased the Alberto Giacometti sculpture titled “Le Nez” at a Sotheby’s auction in 2021 for $78 million, working with the assistance of his former art adviser, Xiong Zihan Sydney source: https://cointelegraph.com/news/david-geffen-hits-crypto-exec-justin-sun-with-countersuit-over-sculpture?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound