Lohan to Sue Jewelry Store Over Surveillance Tape

3/8/2011 2:43 PM PST BY TMZ STAFF
Lindsay Lohan is preparing to sue Kamofie & Company jewelry store -- claiming they had no right  to cash in  from the sale of the infamous surveillance tape ... because Lindsay never gave them the right to use her image for profit ... TMZ has learned.

Lindsay Lohan Surveillance Tape

Sources connected to the surveillance video tell TMZ ... Kamofie sold the rights to distribute the tape to the Associated Press for at least $40k. The AP has since struck a deal with "Entertainment Tonight" in which the show got exclusive rights to air the tape for one week.

We're told Lohan met with her lawyers today ... no word on when she plans to file the lawsuit.

UPDATE: A rep for Kamofie tells us, "We regret to hear there is trepidation by Miss Lohan in connection with the video. "

The statement continues, "We hope that everyone understands that this is beyond our control, the flood of the requests to see this video were simply too overwhelming.  It was truly necessary to put it out."