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Mike Tyson sues Live Nation over alleged embezzlementAP LOS ANGELES--Mike Tyson sued a financial services firm owned by Live Nation Entertainment on Wednesday, claiming one of its advisers embezzled more than US$300,000 from the former heavyweight champ and cost him millions more in lost earnings.
February 22, 2013, 12:03 am TWN The lawsuit claims that Live Nation and its company SFX Financial Advisory Management Enterprises haven't given the boxer and his wife, Lakiha, a full accounting of their losses. The company returned some of the embezzled money but wanted the Tysons to sign a nondisclosure agreement, which they refused, the suit states. The lawsuit seeks more than US$5 million in damages for breach of fiduciary duty, negligent hiring, unjust enrichment and other claims. A spokeswoman for Live Nation Entertainment Inc. said the company had not been served with the lawsuit and could not comment on it.
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