He may be making bank with his successful Payless collaboration, but apparently not enough. According to The Hollywood Reporter, Siriano’s talent agency Designer’s Management Agency is suing the designer for not paying them an agreed upon commission of 20% on profits from the partnership with Payless.
DMA says they secured the deal in 2008 and negotiated the licensing, meaning without them Siriano would not be making the very generous fees and royalties he commands each season. From THR:
According to court documents, Siriano got a $35,000 design fee and also gets a royalty rate of 2.5% of sold products. He’s also guaranteed at least $50,000 for each of the Fall and Spring collections and $30,000 for each of the Summer and Holiday collections.
The lawsuit claims that in February 2010, Siriano requested that payments be made to him directly instead of DMA, who now claims they are owed $53,000, as they have not received any commission since then. Looks like he’s gotten himself into a bit of a (hot, tranny) mess, wouldn’t you say? Of course, to be fair, we still haven’t heard his side of the story. Stay tuned.