Tampa Bay Buccaneers quarterback Baker Mayfield filed a federal lawsuit against a financial firm owned by his father, James Mayfield, accusing the company of failing to pay back nearly $12 million taken without his authorization.
"For the period of time that Plaintiffs’ funds were being funneled to Defendants, Plaintiffs were the primary source of funding and capitalization for Defendants.
Under the agreement, Camwood was required to repay $11.7 million plus interest beginning Sept. 30, the lawsuit states.
"It is now clear that Defendants had no intention of making Plaintiffs whole when they entered into the Settlement Agreement," the lawsuit states.
The suit says that because Camwood has failed to follow through on the settlement agreement, Mayfield was left with no choice but to file a lawsuit.
Persons:
Baker Mayfield, James Mayfield, Camwood, Mayfield, Matt Mayfield — Baker, —, Matt Mayfield
Organizations:
Tampa Bay Buccaneers, NFL, Western, Western District of, Camwood Capital Management Group, Manufacturing, NBC, Camwood
Locations:
U.S, Western District, Western District of Texas, Mayfield, Texas, Tampa