'Keeping Up With The Kardashians' sisters face $236 million lawsuit for 'deceit' and 'fraud'

The Kardashian sisters were recently embroiled in a multimillion-dollar case after they were charged with deceit and fraud. Allegedly, Kim, Khloe and Kourtney Kardashian were sued for failing to endorse their Kardashian Beauty products.

Hillair Capital Management filed a case against the three celebrity sisters for not promoting their Kardashian Beauty line and is asking for $236 million, consisting of their initial $10 million investment and the Hillair’s equity stake in the venture.

The investment company previously shelled out $10 million into the Kardashian Beauty line to save it, after the sisters’ ex-partner, Boldface, suffered financially and went bankrupt. Radar Online obtained court documents stating that Hillair fulfilled its part of the deal. However, the Kardashians reportedly failed to promote the brand on social media as they promised, and were looking for new investors to replace the investment firm.

Greg Fayer, Hillair’s attorney, told FOX411 that the company was disappointed with the sisters.

“We are disappointed it has come to this. Hillair was looking forward to a long and mutually beneficial relationship with the Kardashian sisters. Unfortunately in the end we were left with no other option than to file suit,” said Fayer.

The court documents stated that the Kardashians almost immediately stopped promoting, marketing and supporting the Kardashian Beauty line and started to search for new potential investors to buy out Hillair’s stake. The sisters were allegedly looking for a more lucrative deal than what they had with Hillair. The company is currently suing them for breach of contract, breach of fiduciary duty, breach of covenant of good faith and fair dealing and fraud/deceit.

Michael Kump, the Kardashians’ attorney, said that the lawsuit was ridden with false accusations. He said that the complaint was a blatant attempt to build leverage by hedge fund operators who took over the cosmetics brand. He added that the sisters suffered huge damages as a result of the several failures and breaches made by the operator’s "mismanagement" of the business.

Fayer hoped that the case will proceed to court. He aims for the jury to decide what would be proper for both parties.

More updates and details are expected soon.