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Volume 24 No. 114

Labor and Agents

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).