Businessman sues LeBron for $15 million
Cavs star rookie allegedly backed out of documentary film
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AKRON, Ohio - A businessman has filed a $15 million suit against LeBron James contending the Cleveland Cavaliers’ rookie backed out of a deal to make a documentary film and broke other promises.
Joe Marsh, majority owner of Magic Arts & Entertainment in Aurora, says that in July 2001 he loaned $100,000 to James’ mother, Gloria, and his father figure, Eddie Jackson.
The lawsuit contends that as part of the loan agreement, James agreed to give Marsh exclusive documentary rights to his life and have Marsh involved in endorsement and marketing deals.
The contracts were oral, according to the lawsuit filed Monday in Summit County Common Pleas Court.
“You can say it wasn’t a commitment,” Marsh said. “But I say ... it was.”
James’ attorney, Fred Nance, denied Marsh’s claims. Nance said James did not sign a written agreement and all the claimed agreements were based on conversations.
“Big plans, wishes and dreams do not warrant recovery in a court of law,” Nance said.
Marsh sued Gloria James and Jackson in October for not repaying the $100,000 loan. The case is pending.
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