High-Profile Athletes and Hollywood Celebrities Named as Defendants in $11B FTX Class Action Lawsuit

[1] On November 15, a consortium of investors filed a class-action lawsuit in the Southern District of Florida against the founder of FTX, Sam Bankman-Fried, along with several high-profile athletes and Hollywood celebrities, including seven-time Super Bowl champion Tom Brady, NBA superstar Stephen Curry, NBA legend Shaquille O’Neal, tennis star Naomi Osaka, and “Seinfeld” creator... Continue Reading →

19-Year-Old American Chess Grandmaster Hans Niemann Sues Chess World Champion Magnus Carlsen and Others for $400 Million

[1] Last Thursday, in the United States District Court of the Eastern District of Missouri, 19-year-old American chess grandmaster Hans Niemann filed a lawsuit accusing chess world champion Magnus Carlsen and others of maliciously colluding to defame him and ruining his career by blacklisting him from chess.[2] Niemann is seeking an award of at least... Continue Reading →

NBA Superstars LeBron James, Draymond Green, and Kevin Love Buy a Major League Pickleball Team

[1] Los Angeles Lakers forward LeBron James, Golden State Warriors forward Draymond Green, and Cleveland Cavaliers forward Kevin Love headline the ownership group of a Major League Pickleball team.[2] The athletes are joined by James’ business partner Maverick Carter, their family office LRMR Ventures, the investment firm SC Holdings, Relevent Sports Group co-owner and CEO... Continue Reading →

Judge Declares Pittsburgh’s “Jock Tax” For Professional Athletes Unconstitutional

[1] Last week, Allegheny County Judge Christine Ward struck down a fee levied by the City of Pittsburgh against visiting professional athletes’ wages, calling the fee an unconstitutional tax under Pennsylvania law.[2] The fee was originally challenged in court in November 2019, spearheaded by three athletes, including New York Islanders right-winger Kyle Palmieri, former Pittsburgh... Continue Reading →

Robert Sarver, Owner of the Phoenix Suns and Phoenix Mercury, Suspended for One Year and Fined $10 Million for Workplace Misconduct and Organizational Deficiencies

[1] Robert Sarver, owner of the NBA’s Phoenix Suns and the WNBA’s Phoenix Mercury, has been suspended for one year and fined $10 million by the NBA as a result of an investigation that was commissioned after ESPN published a story in November 2021 detailing allegations of racist, misogynistic, and hostile incidents over his nearly... Continue Reading →

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