Los Angeles Dodgers try to Leave Ballgame by Transferring Jackie Robinson Contracts to Foundation

In a dispute over a pair of Jackie Robinson contracts, the Los Angeles Dodgers told a New York federal court that it transferred its purported interest in the contracts to the Jackie Robinson Foundation. As we reported  in October, the Dodgers entered a legal dispute over two of Jackie Robinson’s historic contracts. One is his 1947 contract with the then-Brooklyn Dodgers, in which he became the first African-American to play in Major League Baseball. The other is his 1945 contract with the Kansas City Monarchs,…
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Dodgers Enter Legal Fight Over Valuable Jackie Robinson Contracts

The Los Angeles Dodgers will enter a legal dispute regarding the ownership of two of Jackie Robinson’s player contracts, which may be worth as much as $10 million. In 2013, Collector’s Café, run by Mykalai Kontilai, purchased two of Jackie Robinson’s MLB contracts for $2 million. One is Robinson’s historic 1947 contract with the then-Brooklyn Dodgers, in which he became the first African American to play in the MLB. The second is Robinson’s 1945 contract with the Kansas City Monarchs, the Dodgers’ minor league affiliate.…
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$29.5 Million Sports Betting Scheme Unraveled by SEC

On August 30, 2019, the Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court of Nevada against John Thomas, 74, and Thomas Becker, 72. The SEC alleges Thomas and Becker ran a fraudulent $29.5 million sports betting investment scheme. The two men raised the funds from 600 investors across 40 states by “offering investors pooled investment contracts whereby [the investors] obtain the opportunity to share in the purported profits” from Thomas’ and Becker’s “proprietary sports betting system.” Thomas and Becker communicated…
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Update: NCAA Transfer Rule

As we have previously covered, the NCAA recently changed their transfer rules. In the past, student-athletes went through a “permission to contact” process. This process limited their ability to transfer as their current college coaches were able to block the athlete from transferring to certain schools. Now, starting in October 2018, the NCAA has shifted to a “notification” system that will allow the athletes to transfer without coaches’ permission. However, on June 19, 2018, various NCAA conferences, including the Atlantic Coast Conference, Big TenConference, Big…
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Former Oriole Murrary Enters Into Settlement with SEC

Former Baltimore Orioles player and MLB Hall of Famer Eddie Murray has agreed to pay over $358,000 to settle insider trading allegations brought against him by the U.S. Securities and Exchange Commission.  The SEC accuses Murray of making more than $235,000 in a trading scheme involving another former Oriole, Doug DeCinces and James V. Mazzo, the former CEO of Advanced Medical Optics, Inc. (“AMO”).  The SEC’s complaint asserted that multiple tipoffs from Mazzo to DeCinces – and eventually, from DeCinces to Murray and others –…
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