Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Herbert Allen Signature-Forgery Suit Dismissed by Judge

A judge threw out a lawsuit claiming Herbert Allen, the chief executive officer of Allen & Co., and his Broadway-producer cousin forged the signature of a dying relative to illegally evade collection of a debt.

U.S. District Judge Colleen McMahon in Manhattan yesterday dismissed the case, in which Excelsior Capital LLC claimed that Allen and cousin Terry Allen Kramer fraudulently transferred a family-owned Arizona ranch by forging the signature of C. Robert Allen III.

Excelsior claimed the two cousins were trying to block it from pursuing Robert Allen’s interest in the Arizona property to collect part of a $25.3 million court judgment against him. Members of the Allen family had owned the Arizona ranch for more than 50 years, according to McMahon. Robert Allen owned 18.3 percent.

McMahon ruled that the suit, in which Excelsior said Herbert Allen and Terry Allen Kramer forged Robert Allen’s signature on a deed with help from an Allen & Co. executive, failed to properly allege claims of fraudulent transfer and conspiracy.

“This lawsuit was a crude attempt to collect money from my late cousin by making ungrounded accusations against me,” Herbert Allen said in a statement today. “It is gratifying that in dismissing the case the judge recognized these accusations as ‘implausible’ and based on ‘sheer speculation.’”

Judd Burstein, a lawyer for Excelsior, didn’t immediately return a message seeking comment on the ruling.

The case is Excelsior Capital LLC v. Allen, 11-CV-7373, U.S. District Court, Southern District of New York (Manhattan).

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.