Lawsuit against billionaire's son: Breach of $45,000-a-month villa rental agreement
T.I.R.I. Investments is suing singer Alexander Kogan, son of businessman Valery Kogan, for approximately 920,000 shekels, alleging he failed to pay for six months of rent on a luxury property in Herzliya Pituach. Kogan's defense argues the house was never ready for occupancy and that the company itself thwarted the deal.
T.I.R.I. Investments has filed a lawsuit for approximately 920,000 shekels against Alexander Kogan, son of billionaire businessman Valery Kogan. The Kogan family is well-known in Israel, particularly for their extensive estate in Caesarea. Alexander Kogan, a singer and musician with an international career, previously performed in Israel in 2013 alongside Julio Iglesias. The lawsuit claims that Kogan and his family maintain extensive international business interests.
According to the claim, a rental agreement for a luxury property in Herzliya Pituach was signed last April. The property features landscaped gardens, a private swimming pool, and advanced smart home systems. Under the contract, Kogan committed to paying six months of rent in advance, totaling $270,000 ($45,000 per month). The plaintiff alleges that Kogan unilaterally reneged on his obligations and failed to transfer any payment.
The Defense's Position
Alexander Kogan's attorney, Andrey Nazaretsky, categorically rejects the financial claims. He argues that the company itself thwarted the agreement. The defense maintains that the house was not ready for occupancy and that possession of the property was never handed over to the tenant.
"It was clear to both parties that the house required further preparations at the time of signing. Furthermore, the landlord was informed that payment would be made using funds from an overseas property sale. When the funds became available, the plaintiff informed us that the designated bank account had been closed and failed to provide an alternative," the attorney stated. The defense further suggests that the lawsuit is being used as a tool for pressure amid a separate business dispute.
In response, the plaintiff company dismissed the claims regarding the property's condition as delusional, asserting that the company was forced to occupy the premises itself to mitigate losses after the breach.
Attorney Almog Bitan, representing the plaintiff, stated: "The property met all the defendant's requirements. Family lineage or economic status do not stand above the law, and we are confident that the court will order full compensation for the damages caused to my client."
