SBD/August 23, 2013/Labor and Agents

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  • Former NFLer Terrell Owens Files $6.5M Suit Against Rosenhaus Brothers

    Owens (r) claims Drew Rosenhaus and his brother caused him to lose $6.5M

    Former NFLer Terrell Owens is "suing agent Drew Rosenhaus and his brother Jason Rosenhaus for breach of fiduciary duty, fraud, and negligence, seeking to recover" up to $6.5M, according to Rand Getlin of YAHOO SPORTS. Owens is "contending Rosenhaus introduced him to now-banned financial adviser Jeff Rubin and recommended that Owens hire Rubin to manage his finances." Upon hiring Rubin, Owens alleges that the financial adviser "began to place his money in a series of bad investments, including an illegal and now-bankrupt casino project in Alabama." Owens alleges that "taking the Rosenhaus brothers' advice and hiring Rubin" ultimately caused him to lose nearly $5M, as well as roughly $1.5M on investments he "could have generated if properly invested." Drew Rosenhaus declined comment (SPORTS.YAHOO.com, 8/22).

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