Comedian Jon Lovitz was bilked of more than $100,000 from his business partner, according to a lawsuit filed yesterday in Los Angeles Superior Court. At the center of the suit is Frank Kelley, with whom Lovitz opened the Jon Lovitz Comedy Club on Universal CityWalk in Universal City in 2009.
After the former Saturday Night Live castmember invested $1.5 million in the club, Kelley was expected to manage day-to-day operations. However, Lovitz now alleges the club, despite its seemingly successful run as part of the Los Angeles-area comedy scene, has fallen on rough financial times, due to mismanagement. Kelley has used the venue’s credit card and checks in excess of $100,000 for personal use, Lovitz alleges.
“Kelly has repeatedly and shamefully abused [Lovitz's] trust by secretly misappropriating significant funds which [Lovitz] entrusted to him for the operation of the Jon Lovitz Comedy Club,” reads the complaint.
The venue also operates as the Jon Lovitz Podcast Theatre, where popular comedy podcasts record live versions of their shows in front of an audience. Lovitz is scheduled to perform stand-up in Alexandria, VA tomorrow night with fellow SNL alums Chris Kattan and Tim Meadows. The Hollywood Reporter, who first obtained the suit, has reached out to Kelley for comment, but has not heard back.