Investors sue Rishi Kapoor

The complaint filed by real estate investors Diana Ulis and Alex Kleyner claims that Rishi Kapoor owes them $25 million for their investments in Location Ventures, his company, and related real estate ventures. Ulis and Kleyner contend that Kapoor broke a deal to return their investments, which led to a legal battle. Requests for comment from Kapoor and the lawyers for both parties have gone unanswered. This case is another layer to Kapoor’s already extensive legal difficulties, including investigations by multiple law enforcement agencies, lawsuits from other investors, and allegations of financial irregularities and non-payment from former employees. Ulis and Kleyner have filed a claim against Kapoor to reclaim their remaining ownership holdings, citing agreement violations and payment failures.