Shawne Merriman wins big judgment against Christian Laettner

Bills linebacker Shawne Merriman probably feels like a guy who just caught a three-quarter-court pass, dribbled once, spun around, and nailed a 15-foot jumper to win a basketball game.

A press release from EAG Sports Management declares that Merriman has been awarded nearly $4 million against former NBA players Christian Laettner and Brian Davis.  Merriman, per the release, loaned the men $3 million in 2007 for their real estate business.  In 2009, they defaulted, prompting a lawsuit.

A lawsuit that Merriman has won.

“Shawne Merriman trusted Laettner and Davis to repay the millions they borrowed from him for their businesses,” said Merriman’s lawyer, Marc Kasowitz.  “During the past two years, they first denied they owed the money and then made false promises they would repay Shawne.  We are pleased that the Federal Court has vindicated Shawne’s rights and is compelling Laettner and Davis to fulfill their obligations.”

Merriman recently signed a two-year contract with the Bills, which reportedly will pay him $2.5 million guaranteed.  Though the $4 million from Laettner and Davis is now legally guaranteed, he may have a slightly harder time cashing in.

26 responses to “Shawne Merriman wins big judgment against Christian Laettner

  1. Most likely, he’ll never see a penny of that money.

    Laettner, et al, will simply put whatever corporate entity that judgement is against into bankruptcy.

    Maybe, some day years from now, Merriman will receive pennies on the dollar from that judgement.

    US bankruptcy law- screwing investors and protecting failed businessmen for 200 years.

  2. Laettner is from Buffalo but he lives in Jacksonville, Fl. A news story recently had Laettner signing autographs at the Jacksonville Giants (Jax’s semi-pro basketball team). Maybe he needs to do a little more of this so he canraise some dough!

  3. Now he knows how Chargers and Bills fans fell they paid there money and got no return

    Lights were never on this year

  4. joetoronto says: Jan 4, 2011 5:44 PM

    Whether the idiot ever see’s the money or not is another story.

    —————————————————-

    Nice apostrophe.

  5. Take it from someone who’s had a court ordered child support order in place for over a year & has never received a penny of it (yes, there are deadbeat moms out there). He aint gettin’ any of that $.

  6. Wow, what some idiots here… Let’s read slowly…

    A press release from EAG Sports Management declares that Merriman has been awarded nearly $4 million against former NBA players Christian Laettner and Brian Davis.

    The lawsuit was against individuals and Merriman won. It wasn’t against a corporation…

    I take it the short bus made its drop today and all are safe?

  7. @realitypolice “US bankruptcy law- screwing investors and protecting failed businessmen for 200 years.”

    US bankruptcy law also screws lenders (businessmen) and protects fails individuals.

  8. If Laettner lives in FL, his personal residence is protected from the judgement. I wonder when he moved there, but don’t care enough to google it.

  9. goombar2 says:
    Jan 4, 2011 7:00 PM
    Wow, what some idiots here… Let’s read slowly…

    A press release from EAG Sports Management declares that Merriman has been awarded nearly $4 million against former NBA players Christian Laettner and Brian Davis.

    The lawsuit was against individuals and Merriman won. It wasn’t against a corporation…
    ======================

    The story lists the names of the principals involved because the writer knows people reading it will only be interested in the celebrity names attached to the case.

    No one runs a real estate enterprise as a sole proprietorship (no corporation).

    I guarantee if you read the actual judgement (slowly, as you suggest) you will find out that not only is the judgement against corporations wholly owned by Laettner and Davis, but Merriman also probably filed the suit as a corporate entity.

    That sound you hear is the short bus running over your stupid ass.

  10. dvnelson72 says:
    Jan 4, 2011 8:18 PM
    @realitypolice “US bankruptcy law- screwing investors and protecting failed businessmen for 200 years.”

    US bankruptcy law also screws lenders (businessmen) and protects fails individuals.
    =====================

    No question. Bankruptcy screws all types of businesses- banks, investment firms, venture capitalists, individuals, vendors who supply manufacturers with parts and supplies, the list goes on and on.

    Bankruptcy is the wrench in the free market machine that prevents it from operating as it should, stifles growth and strengthens big government.

  11. joetoronto says:
    Jan 4, 2011 7:32 PM
    goombar2:

    Individuals can’t go bankrupt, when did this happen?

    realitypolice says:
    Jan 4, 2011 8:34

    No one runs a real estate enterprise as a sole proprietorship (no corporation).

    ______________________________

    @joetoronto Sure they can, but even then, after a few protected assets, everything else they own would be fair game to satisfy the debt.

    @realitypolice While that is true, often loans are made and guaranteed by the individual, outside of the protected business entity. I have had such business loans myself…from a bank. The corporation is protected from being sued, but the loan is often not part of that protection.

  12. goombar2,

    You should have kept reading. (One more sentence, buddy!)

    “Merriman, per the release, loaned the men $3 million in 2007 for their real estate business.”

    In fact Laettner was quoted as saying the BUSINESS (BD Ventures) didn’t have the money to pay Shawne Merriman’s business (S.M. Real Estate) back due to the economy.

    Do you really think anybody would leave themselves personally liable for that kind of money in a business deal?

    Looks like you’re an idiot as well as a jerk.

  13. Sheriffs are now on Heli-Jet boats in the Okeefenokee region, preparing to execute seizure orders on the real estate in question.

  14. joetoronto says: Jan 4, 2011 5:44 PM

    Whether the idiot ever see’s the money or not is another story.

    You’ve got to love someone who calls someone an idiot and then puts an apostrophe in “see’s” 2 words later. Looks like Canadian public schools need to put more emphasis on spelling and less emphasis on teaching cowardice, back-bacon making skills, and flannel wearing.

  15. @ Goomba2: You also have to love someone who calls another person an idiot while mispelling the word “judgment”, which was correctly spelled in the title of the article.

  16. jeffz303 says: Jan 5, 2011 10:05 AM

    joetoronto says: Jan 4, 2011 5:44 PM

    Whether the idiot ever see’s the money or not is another story.

    You’ve got to love someone who calls someone an idiot and then puts an apostrophe in “see’s” 2 words later. Looks like Canadian public schools need to put more emphasis on spelling and less emphasis on teaching cowardice, back-bacon making skills, and flannel wearing.
    *******************************************************
    Nice to know the apostrophe police are on the job.

    Thanks, BillyBob.

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