The Real Deal New York

Clark estate to receive no money sought from Beth Israel in $95M suit

Late Manhattan heiress allegedly bilked out of millions while living at hospital
August 24, 2015 02:20PM

Beth Israel Medical Center owes the estate of late heiress Huguette Clark nothing after the statute of limitations ran out on claims that the hospital bilked millions of dollars from Clark through “rampart financial exploitation.”

Clark’s estate brought a $95 million lawsuit against Beth Israel, where the copper heiress – who had an enviable collection of Manhattan real estate – lived for years until her death in 2011 at the age of 104.

The suit claims hospital executives charged Clark hundreds of thousands of dollars a year for unnecessary care while taking millions more through misleading friendships, according to the New York Post.

While the estate sought the repayment of Clark’s hospital fees and another $50 million in damages, a Manhattan Surrogate Court justice ruled last week that the statute of limitations ran out on the alleged claims.

The eccentric Clark’s Manhattan real estate portfolio has been sold off for tens of millions in the years since her death. Hedge funder Boaz Weinstein bought a 12th-floor co-op at 907 Fifth Avenue for $25.5 million in 2012, while financier Frederick Iseman closed on an eighth-floor spread in the building for $22.5 million that year. Another of Clark’s units in the building sold for $6.8 million in 2013. [NYP]Rey Mashayekhi