Artist Peter Max’s son has lost his attempt to oust his sister as director in their father’s company, a judge has ruled.
The psychedelic painter’s son Adam Max sued his sister Libra Max last year to force her to hold a special shareholders’ meeting so he could vote on a new board of her father’s company ALP.
He accused his sister of firing him from ALP and installing herself as CEO of the company founded by her 84-year-old pop artist father, who has been diagnosed with dementia in recent years.
Manhattan Judge Nancy Bannon, who has overseen several cases between the fighting siblings, dismissed that lawsuit Tuesday, noting that it “involves the same parties and identical issues” as another case Adam has against his sister .
In the separate case filed in 2019, the judge on Tuesday granted a motion by Libra to continue blocking Adam from calling the shareholders’ meeting, where he plans to oust his sister along with the third board member and install his own board.
Adam ran the company from 2012 to 2018 – when Libra and her father’s custodian, Lawrence Flynn, sacked him as president and CEO, claiming he was stealing millions from Peter.
Adam has denied the allegations, claiming the company thrived under his oversight.
Meanwhile, since Libra took over as CEO, Adam has claimed she’s leading the business into the abyss.
Flynn, who first claimed Adam looted the company, later allegedly switched sides and agreed to oust Libra in a deal with her brother, according to the judge’s ruling
The judge said she continues to withhold the vote Adam has called for over two years, given the “disturbing” agreement he allegedly reached with Flynn to vote Libra and the third member out.
“The voting agreement was troubling not only because it aimed to bring Adam back to the helm of ALP, but also because it would require the transfer of ALP’s most valuable assets and allow ALP to return to the way it was run did business under Adam, which ALP and Libra claim the company plundered,” Bannon’s ruling reads.
Adam cannot call a new vote pending a further judge’s decision.
In September 2021, Libra filed a petition to remove Flynn as Peter’s property guardian.
“We are the most blessed children on the planet,” Libra told the Post. “I hope my brother makes peace with me.”
His attorney, John G. Moon, told The Post, “We are in the process of reviewing Justice Bannon’s decision.”
Libra’s attorney, Jeffrey Eilender, praised the decision.
“We are pleased with Judge Bannon’s well-founded decision recognizing and halting the hyperbole of Peter Max’s financial guardian, Lawrence Flynn, and representing a significant step toward keeping Peter’s assets with his family, as he always has intended,” said Eilender.
In a separate lawsuit, Libra has claimed that Barbara Lissner – Peter’s court-appointed guardian for his legal, personal and financial affairs – is isolating him and ruining his life.
Lissner has denied the allegations and asserted his own legal claims against Libra.
Flynn’s attorney did not immediately respond to a request for comment.