January 22, 2020 Baseball / Litigation / MLB / NFL

Former MLB Prospect Sues Yankees for $34 Million

Garrison Lassiter was selected by the New York Yankees in the 27th round of the 2008 MLB draft out of West Forsyth High School in Clemmons, North Carolina. The Yankees gave him a $675,000 signing bonus. In five minor league seasons, Lassiter never played above high-A ball and hit just .244 with four home runs and 73 RBI in 235 games.

In December 2008, Lassiter filed a pro se lawsuit in the U.S. District Court for the Middle District of North Carolina against the New …

July 26, 2016 Fraud / Litigation

Derek Jeter Unable to Dismiss Claims of Fraud

Derek Jeter’s bid for dismissal of fraud and fiduciary claims brought against him by high-end underwear maker RevolutionWear Inc. (RWI) last November was largely unsuccessful. On July 19, Vice Chancellor Sam Glasscock III of the Delaware Chancery Court retained four of the five counts against Jeter: acting in bad faith, fraudulently concealing his interests, fraudulently inducing company actions, and knowingly making false claims to investors.

The lawsuit spawned from Jeter’s promotion to RWI’s board of directors in 2011, giving him a 15 percent stake …

March 14, 2016 Litigation

Former Yankee Settles Dispute with Underwear Company

On Monday, March 7, 2016, Derek Jeter and a marketer of luxury underwear resolved their dispute over legal fees in Delaware’s Court of Chancery. The settlement resolves Jeter’s fight with RevolutionWear Inc. over attorney’s fees stemming from Jeter’s lawsuit seeking declaration that he complied with his obligations to RevolutionWear and that he is entitled to indemnification.

In 2011, Jeter joined the company’s board of directors. RevolutionWear contends that an essential element of Jeter’s contract was that he would publicly announce his role in the company. …

November 24, 2015 Litigation

Former Yankees Star Derek Jeter Suing Underwear Company

On Friday, November 20, 2015, former New York Yankees star Derek Jeter’ lawsuit against luxury underwear maker RevolutionWear became public. Jeter, a former director and investor in the company, is suing RevolutionWear in Delaware’s Court of Chancery for legal fees related to his service as a director.

Just last year, RevolutionWear released the names of its “celebrity” affiliates, which included Derek Jeter, New York Knicks star Carmelo Anthony, and rapper 50 Cent. Jeter joined the company’s board of directors in 2011, on top of investing …