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Monday, 16 January 2012 - Riches-to-rags film on opulent family home prompts lawsuit |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh James Saft Lucy P. 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Carolina law, old tensions and a campaign issue 12:27pm EST Discussed 143 Gay marriage a threat to humanity’s future-Pope 131 Buffett to GOP: You pay and so will I 99 Romney opens 21-point lead in South Carolina: Reuters/Ipsos poll Watched Italian cruise ship runs aground, three dead Sat, Jan 14 2012 Iranian military boats approach U.S. vessels: Pentagon Fri, Jan 13 2012 Blazing Korean ship crew missing Wed, Jan 11 2012 "Riches-to-rags" film on opulent family home prompts lawsuit Tweet Share this Email Print Related News Sundance sued over opening-day documentary Wed, Jan 11 2012 Analysis & Opinion Chaalis Chauraasi: Stellar cast, not-so-stellar film Related Topics U.S. » Entertainment » Fashion » Film » By Barbara Liston ORLANDO, Florida | Sun Jan 15, 2012 3:55pm EST ORLANDO, Florida (Reuters) - Time share mogul David Siegel welcomed a filmmaker's proposal in 2007 to document his construction of what was to be the nation's largest family home -- an opulent 90,000-square-foot mansion named "Versailles" after the French palace and conceived during a housing boom. More than four years and a global economic collapse later, Siegel has filed a $75,000 lawsuit against the filmmakers and the Sundance Film Festival, where the documentary premieres on January 19, for what he calls defamation of character. The house, with bowling alleys, a children's theater and 20-car garage, never fully materialized amid the economic downturn. It remains unfinished and is up for sale. In materials promoting the film, Sundance calls it a "rags-to-riches-to-rags" story that reveals the "innate virtues and flaws of the American Dream." The promotions characterize Siegel's Westgate Resorts time share business as faltering -- a description Siegel's attorneys say is not only damaging but inaccurate. The suit names filmmaker Lauren Greenfield along with Sundance. It also takes issue with initial promos, later corrected by Sundance, which stated inaccurately that the house was foreclosed on and that Siegel's business had collapsed. "I don't know anyone in the last three years that didn't suffer (economically), but they are certainly far from being in rags and the company collapsing," Siegel's lawyer Michael Marder told Reuters. Marder said Greenfield spent last Thanksgiving in a complimentary room at one of Siegel's Orlando-area resorts and visited the Siegel family at their 20,000-square-foot-home. "It was obvious to her there was no problem, no collapse," Marder said. Greenfield's publicist, Chris Libby, would not comment on the suit, while Sundance stood behind the film in a prepared statement from the institute. "Sundance Institute maintains its long-held and firm commitment to freedom of expression and looks forward to screening this film by an award winning filmmaker at the opening of Sundance Film Festival 2012." The premiere will take place in Park City, Utah, where Siegel's company owns a ski resort. Siegel stopped construction of Versailles during the economic collapse to dedicate all his funds to the business, according to the suit. As a result, Westgate survived and is a stable and profitable company, the suit says. Marder said Westgate employs more than 5,000 people in 27 resorts in seven states. Marder said Siegel still owns Versailles and that the property is up for sale, but he would not name the price. The mansion is ranked third in Wikipedia's list of largest privately owned houses in the United States. The two larger houses -- the 135,000-square-foot Biltmore Estate in Asheville, North Carolina and the 109,000-square-foot Oheka Castle in Huntington, New York -- function respectively as a museum and a hotel. Siegel's house was listed for sale $75 million in 2010, when it was described as 12 to 18 months from completion. The plans included a two-lane bowling alley, roller rink, arcade, children's theater, 20-car garage and a grand hall as big as three average homes. (Edited by Karen Brooks and Ellen Wulfhorst) U.S. Entertainment Fashion Film Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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