Michael Schvo never gets a minute’s rest.
As we reported June 27, he is being sued for $600 million by Core Clubs for an alleged “egregious” fraud scheme connected to the club’s location at 711 Fifth Ave.
Shubo called the lawsuit a “desperate attempt to bail out” the club’s owners from a “binding agreement” that he said included the club not paying off debts and trying to block his option to acquire a 50 percent stake in the company.
It has now emerged that the club’s lawyers have served notice to Mr Schvo and his wife, Seren Schvo, banning them from the premises where he is landlord.
Shubo is allegedly owed $80,000 in Core Club services, including fees for use of the facilities for dinners and birthday parties. This is the smallest part of the lawsuit, but it’s also the easiest for non-lawyers to understand.
The day after the lawsuit was filed, a source told Realty Check that a settlement may be in the works, but that Fourth of July fireworks came and went without an agreement.
Meanwhile, Schvot is also being sued by his former friend, Serdan Birgili, over his management of two Aman residential buildings in Manhattan.
Page Six also reported last week that residents of Schvo’s Mandarin Oriental hotel wrote to Schvo’s lawyers alleging that Schvo unfairly held parties on the rooftop as if the building was “private property.” Schvo said the parties were a publicity ploy to sell more apartments in the building.
The apartment’s owner, John Goodman (not the actor), also claimed the $6.1 million mansion was riddled with defects.
Schvo could not be reached for comment.
